Internal Ref: CB1489
Summary
SBX Code: CB1489 - Menswear - Retail - Southern Highlands - Very long established - Consistent profitability and modernised premises.
Rent
$1,060 pw
Net Profit
$4,900 pw
Location Details
Prime frontage to main street in busy, high growth long established town in Southern Highlands.
Potential
Ideal family business - Target social media. - Examine extra trading opportunities as business currently not trading Feb/Mar each year due to family commitments.
Hours
5.5 days - Monday to Friday 9.00 am to 4.30 pm. Saturday 9.30 am to 12.30 pm.
Lease
Current lease commenced August 2023 + 3 + 3 years - Increases 5% - Bond 3 months.
Employees
1 owner + 1 casual.
About the Business
Retail - Menswear - Southern Highlands
SBX Code: CB1489
Retail menswear business, located in a thriving high growth town in the Southern Highlands, and established in 1895 . As the only independent menswear business in the Southern Highlands, it offers a diverse range of services including in-house fine tailored suits and shirts, accessories and high quality clothing from many of the worlds leading menswear brands such as RM Williams, Cambridge Clothing, Levis Jeans, Lee Riders, Daniel Hecher and Ansett Knitwear. Also caters to a strong demand for suit hire, with a busy alteration and embroidery badge service available. The business is a member of the buying group Associated Retailers Limited (ARL), with its attendant benefits. The store maintains a strong turnover of stock with a constant flow of new customers availing themselves of the excellent service and well-priced items offered.
Features
Very strong local support - Long established - Product range covers all age groups - Only independent menswear establishment in Southern Highlands.
Premises
Attractive and welcoming store, recently fully refurbished and modernised, with excellent display and sales facilities and dedicated area for school wear.
Comments
Misc.- 1 Advertising ($55) ARL Fee ($60) Computer expenses ($50) Credit card charges ($80) - Misc.- 2- Dry cleaning ($180) Alterations ($455) Sundries ($210) - Member ARL ( Associated Retailers Limited), a buying group. - Price includes stock valued in excess of $100,000.
SBX Code: CB1489
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