Summary
Ex.location in retail precinct,men’s and ladies apparel/accessories.Quality brands at competitive prices ensure repeat business all year.Current owners 15 years..ex lease in place.
Revenue
$550,000 pa
Rent
$84,000 pa
Net Profit
$110,000 pa
Location Details
41F Quay Street, Marine Village. Sanctuary Cove.Qld 4212
Ample free parking 7 days a week. Situated in the heart of the marine village shopping/dining
precinct in Sanctuary Cove. Easy access from main arterial road. Huge housing increase in immediate areas. Shopping precinct established for 31 years.
Potential
Sanctuary Cove is a popular dining /shopping destination approx 30 mins north of Surfers Paradise. Ample free customer parking , and a friendly village atmosphere make for a relaxing time. Large population increases in the immediate suburbs ensures future growth , and this business has nurtured a large group of repeat customers , based on excellent service and product. Website and changing trends offer great scope.
Skills
The ability to buy product for the potential customer base is very important , and the current owners have done a great job in sourcing their product over many years. They travel to USA each year to view and purchase a variety of their stock and offer their customers very competitive and comforable product. Service and follow up assistance are key attributes of the owners and they have created a friendly and welcoming atmosphere with their customers.
Hours
Sanctuary Cove is a seven day a week retail precinct with core hours 9-30am to 5pm.
We operate 9am to 5-30pm by choice.
Lease
Current lease is for five years from November 2017 with CPI of 3%pa applied after the first year.
Shop size-150 m2 .
Employees
This business is operated by one or two people and has a relief person when the owners travel.
One person can operate in normal times.
Reason for Sale
Current owners are looking at retiring.
About the Business
The Sports and Leisure Cove is one of the original shops in the Marine Village precinct in Sanctuary Cove . Established in 1987 , the current owners have been in place for the past 15 yrs
and the business has only had 3 owners in the 31 yrs of operation .
The current owners have built up a very strong customer relationship with people from both local and outside areas , and have a large percentage of their business through these repeat shoppers.
The business offers a wide variety of men’s and ladies clothing/accessories , with a strong emphasis on availability of sizing at both ends of the spectrum.
Menswear clothing brands include sports/resort labels such as Greg Norman , Cutter and Buck , and Peter Millar. The Greg Norman range offers a wide variety of garments , and is very popular with shoppers from all over the world. City Club , Duchamp , Innsbrook , Cipolini , Summit , Frederick A , Sovrano and Farah all offer a great variety of men’s clothing , with an emphasis on quality and comfort . Accessories include Palmone and Saramanda shoes , and bathers/belts/socks/hats , etc. complement the men’s range.
The ladies range includes USA brand Tail , Greg Norman and Cutter and Buck , Canadian brand Spanner and local brand Duchamp. The Tail brand is the most popular range , offering tops/shorts/capris/pants/skorts/dresses , with an emphasis on comfort and style and top quality assured. Accessories include locally made Precious Cargo hats/visors/KBel socks from USA , and a great range of ladies visors .
The current owners have a small website/online facility.This is an area of the business which could be increased considerably.
History
History of the business included in the heading above...ie.”About the Business”.
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