Summary
A thriving business established in 1903, with the current owners successfully operating since 2006. Departments include ladieswear, menswear, workwear, footwear, school uniforms, luggage, and more.
Revenue
$103,000 pm
Rent
$6,800 pm
Expenses
$76,400 pm
Net Profit
$19,800 pm
Location Details
184 Fitzgerald St
Situated in the Shire of Northam in Western Australia’s Wheatbelt region, the business enjoys a prime main street location in the centre of town. Northam acts as a major regional hub, servicing numerous surrounding towns and localities.
Potential
The business operates as a financially sound standalone enterprise, delivering a comfortable income to its owners. With further growth potential in the workwear segment and online sales, the business is well positioned for continued expansion.
Skills
Strong financial management with consistent monitoring of performance.
Experience in budgeting and forecasting to support long-term business sustainability.
Focus on setting clear, measurable goals to guide business growth.
Marketing and branding capability to maintain and expand customer reach.
Proven leadership and management skills to support staff and day-to-day operations.
Hours
Monday - Friday 9am - 5pm
Saturday mornings - 8.30am - 12.30pm
Lease
The premises are available to either lease or purchase, offering flexibility to prospective buyers.
Employees
The business is run by two owner-operators, with a reliable team of six part-time staff supporting day-to-day operations.
Reason for Sale
The business is now available for purchase as the current owners prepare for their planned retirement, presenting an excellent opportunity for new ownership.
About the Business
This business is ideally suited to an owner-operator seeking a relaxed country lifestyle while running a well-established retail operation. Located in Northam, the store services both the local community and surrounding regional towns.
As a long-standing clothing retailer, the business offers a diverse range including ladieswear and menswear, catering to everyday fashion needs of the local population. A key strength of the business is its strong and growing workwear segment, which has been expanded in recent years and continues to show excellent growth potential.
In addition, the store holds supply arrangements for school uniforms across six local schools, providing a consistent and reliable revenue stream.
The business also operates an online store, regularly fulfilling orders across Australia. The webstore represents a significant opportunity for further expansion, with scope to increase marketing efforts and grow online sales.
This is a fantastic opportunity to take over a stable, community-focused business with multiple income streams and clear potential for future growth.
History
The business was originally established in 1903 and has been operated by seven different families over its long history. Throughout this time, it has consistently remained a clothing store, with each generation of owners adapting the business to meet the demands of a changing retail landscape. The premises have been extended twice, resulting in a current retail floor space of approximately 500 square metres, in addition to substantial storage areas.
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