About the Business

Business ID XB149496

Award-Winning, Fully Set Up – Walk in and Start Earning from Day One

Step into ownership of one of the largest and most successful independent Gift and Homewares Retailers north of Perth and as far as Darwin. Established and highly regarded, this business services locals, regional communities, and tourists from across Australia and overseas. Located in the heart of Broome’s famous Chinatown precinct, it enjoys excellent foot traffic year-round, boosted by a strong tourist trade and a loyal local following. With a diverse product range, loyal customer base, and award-winning reputation, this business offers a fantastic opportunity for either an owner-operator or investor to continue its growth story.

Business Highlights

- High adjusted net profit of $233,000 before owner wages

- Strong local and tourist customer base with significant repeat business

- Diverse product range including kitchenware, home décor, unique gifts, quality souvenirs, and commercial supplies

- Established commercial clientele, servicing cafes, restaurants, resorts, offices, local government and regional corporations

- Award-winning business with multiple customer service awards, including Best Broome Business 2022

- Prime main street location surrounded by Broome’s popular shops, galleries, cafes, tour operators, and pearl showrooms

- Bright, spacious premises of 260 sqm plus an additional 45 sqm storeroom/showroom

- Great lease terms with competitive rent in a premium location

- Potential to grow online sales through a fully functional Shopify website linked to the POS system

- Strong supplier relationships with leading brands such as Maxwell & Williams, Glasshouse Fragrances, Sheldon & Hammond, and more

- Consistent year-on-year sales growth with further potential from Broome’s growing tourism sector

Broome is a high-profile lifestyle destination attracting over 274,000 visitors annually, with growing cruise ship numbers and continued local development, including the $29.3 million Chinatown Revitalisation Project. This business is ideally positioned to capitalise on the area’s growth while offering an enviable tropical lifestyle to the new owner.

This is an excellent opportunity for an owner-operator seeking solid profits and a relaxed lifestyle, or an investor looking for a well-established, easy-to-run retail business. With a strong local and tourist customer base and potential to expand online, it offers both stability and growth options. Enquire today for more details.

Price: $339,000