Summary
Established in 2018, offering an extensive range of quality homewares, gifts, furniture and lifestyle products, the business has built a strong local reputation and loyal repeat customer base.
Revenue
$370,000 pa
Rent
$41,600 pa
Expenses
$222,285 pa
Net Profit
$106,115 pa
Location Details
Shop 7/255-279 Gregory St
This beautifully presented business occupies a prime position within the South West Rocks Shopping Centre, right next door to the Coles Supermarket providing excellent exposure and consistent passing foot traffic.
Potential
Strong potential to grow the business through online sales, e-commerce, social media marketing and expanded product ranges. The established customer base, supplier network and prime position adjacent to Coles provide a solid platform for further growth. An incoming owner could increase trading involvement, develop digital sales and introduce complementary product lines
Skills
No specialised qualifications required. Ideally suited to someone with an interest in homewares, interiors, retail or customer service. Straightforward systems and established suppliers make the business easy to operate. Experienced staff are available if required, providing flexibility for a new owner. Could also suit a partnership or couple sharing the operating hours.
Hours
Owner works 3 days per week. Closed Mondays. Experienced staff currently work Friday, Saturday and Sunday
Lease
Current lease in place with two further 3-year options, providing good long-term security for the purchaser
Employees
The current owner works 3 days per week and part time staff work the remainder. Staff are long term and available if required
Reason for Sale
After eight successful years building and operating the business, the owner has decided it is the right time to retire from retail and focus on other projects. The business is established, profitable and operating successfully, providing an incoming owner with the opportunity to take over a proven operation with an established customer base, experienced staff and systems already in place
About the Business
Established in 2018, this beautifully presented homewares and lifestyle retail business occupies a prime position within the South West Rocks Shopping Centre, directly adjacent to Coles Supermarket. The location provides excellent exposure, consistent passing foot traffic and convenient customer access.
The business offers an extensive and carefully selected range of quality homewares, gifts, furniture and lifestyle products and has developed a strong local reputation with a loyal base of repeat customers.
Annual sales are approximately $371,000 excluding GST, with vendor-supplied figures indicating an estimated annual cash profit of approximately $106,000.
The business is currently operated with relatively limited owner involvement. The owner works three days per week, the store is closed Mondays, and experienced staff currently cover Friday, Saturday and Sunday. These staff are available to remain if required, providing valuable continuity and flexibility for an incoming purchaser.
The operating structure could suit an individual owner-operator, a couple or partnership wishing to share the working hours. There is also scope for a purchaser to take a more active role in the business and potentially reduce staffing costs.
The sale includes the established trading name and goodwill, fixtures and fittings, shelving and display equipment, Point of Sale system, established supplier network and loyal customer database.
Approximately $50,000–$60,000 of stock is also included in the advertised asking price, subject to final stock valuation.
A current lease is in place with two further three-year options, providing good long-term security for the purchaser.
While already an established and successful retail operation, there is significant potential for further growth through e-commerce, online sales, increased social media marketing, expanded product ranges and additional promotional activity.
With the systems, suppliers, staff and customer base already established, this represents an opportunity to acquire a proven retail business in one of the Mid North Coast's most appealing coastal communities
History
Established in 2018, the business has traded successfully in South West Rocks for approximately eight years. During this time the owner has developed a strong local reputation, loyal repeat customer base and established relationships with quality suppliers. The business has evolved into a well-presented homewares and lifestyle destination with established systems, experienced staff and a proven trading history, providing an excellent foundation for the next owner.
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