Retail - South Sydney

10 days ago

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Internal Ref: SF1117

Summary

SBX Business Code: SF1117 - Homewares - Retail- Gifts - Online - South Sydney

Rent

$38,324 pa

Net Profit

$125,736 pa

Location Details

Main street location near station in central business area.

Potential

Could open more days and longer hours - Could do some marketing and advertising -A new owner could add a direct website

Hours

7 days - Mon. - Fri.- 9 a.m. - 5.30 p.m.- Sat.- 9.a.m. - 4.p.m. - sun. - 10 a.m. - 2 p.

Lease

Current lease expires Aug. 2020 .- C.P.I. increases - $2,500 bond. - New lease should be avail

Employees

2 owners - 2 casuals

About the Business

Homewares - Retail- Gifts - Online - South Sydney

SBX Business Code: SF1117
Giftware and homeware retail shop with an online store - Beautifully presented with excellent range of affordable and quality stock - Products are mainly sourced from Europe and Australia. - Lines include Kate Spade, glasshouse candles as well as mens gifts, jewellery, accessories, homewares and childrens gifts. - This store has been open 12 years and one of the original giftware store in the area selling designer gifts, homewares and Jewellery.

Potential
Could open more days and longer hours - Could do some marketing and advertising -A new owner could add a direct website

Features
Well established - Easy to operate - Very good clientele - Unique layout - High profit margins.

Premises
Retail shop with an area of 45 sq.mts. plus 30 sq. mts. storage

Location
Main street location near station in central business area.

Trading Hours
7 days - Mon. - Fri.- 9 a.m. - 5.30 p.m.- Sat.- 9.a.m. - 4.p.m. - sun. - 10 a.m. - 2 p.m.

Lease
Current lease expires Aug. 2020 .- C.P.I. increases - $2,500 bond. - New lease should be available.

Employees
2 owners - 2 casuals

Comments
Miscell. - 1 - other general expenses - Excellent relationships with suppliers and many offer sole agency on quality and designer products. - Jewellery lines could be increased as good gross profit. - Training will be included as well as all suppliers. -

SBX Business Code: SF1117

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