Profitable Variety Discount Store at Main Road Intersection

18 days ago

Location:
Darlinghurst 2010 > Sydney - Greater > New South Wales

Investment level:
$96,000 (Negotiable) + SAV

Type:
Business

Industry:
Retail > Discount & Variety Stores

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Internal Ref: 6960808

Summary

Suitable for even less experienced buyers who can work in the shop on a part time basis

Revenue

$8,400 pw

Rent

$2,100 pw

Net Profit

$2,000 pw

Location Details

Street front location at the main street corner

Hours

Monday-Saturday 9am-6:30pm, Sunday 10am-5:30pm

Lease

Expiry in August 2021; a new lease will be part of the sale

Employees

The current owner only works 1-2 days a week in the shop as his focus is massively consumed by new ventures overseas; 1-2 persons are enough to cover all shifts

About the Business

Profitable Variety Discount Store at Main Road Intersection

· Great margins from a wide assortment of party supplies, hardware, electronics, gadgets, stationeries, homeware, kitchenware and etc.
· The shop is fully equipped for any retail setup
· Suitable for even less experienced buyers who can work in the shop on a part time basis
· A savvy owner who manages procurement and inventory will monetise the most out of the business

Financials:

Sales: ˜ $8,400/wk
Profit: ˜ $2,000/wk
Rent: ˜ $2,100/wk
Wages: ˜ $1,500/wk (including owner salary)
Utilities: ˜ $100/wk

Premise:

Approx. 150 sqm plus a 25 sqm storeroom on the back and a 40 sqm larger storeroom upstairs

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