Summary
This thriving business offers an immediate lifestyle opportunity before the lucrative holiday season begins.Situated in a prime position, the lucky buyer can enjoy revenue from day one. WIWO
Revenue
$450,000 pa
Net Profit
$120,000 pa
Location Details
Prime location, with excellent foot trafic. Main shopping area.
Potential
Ths business has a loyal clientele from all over AUSTRALIA and has sucessfully traded on WOM for decades. Significant potential exists to increase sales via establishing an online presence and using social media marketing to promote.
Skills
Currently owner operated, no special skills or qualifications are required. The current owners will train over a 2 week hand-over period and introduce the new owners personally to all overseas suppliers.
Hours
Currently 7 days 10am - 5pm
Lease
3x3 lease expires Jan 2026 with a guarantee renewal for new owners. 5x5 also available.
Employees
1 part-time
Reason for Sale
Owners retiring
About the Business
This thriving and long-established business offers an immediate lifestyle opportunity before the lucrative holiday season begins. Specialising in mens and womens high quality linen, bamboo and hemp resort wear, and deigner homewares this outlet is a mecca for those seeking natuarl, relaxed style.The outlet is situated in a prime position in the pretty town of Bangalow in the iconic and celebrety-studded Byron Bay Hinterland. The lucky buyer can enjoy revenue from day one with this walk-in-walk-out offer.
Loyal clientele base from all over Australia who make a seasonal "shop" when visiting. Regular local clientele provide stock for an "on consignment" pre-loved section fostering community loyalty and repeat purchases
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Opportunity to increase revenue through on-line sales & marketing and website
5 years accounts available (good solid profit margins)
Price based on EBITDA multiple plus SAV
Owners retiring
History
This business has been trading for decades. The current owners purchased as a going concern 11 years ago and have taken the offering from 'hippy hemp" to sophisticated up-market linen, hemp and bamboo clothing and designer homewares.
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