Summary
The much-loved Adelaide Button Bar, a staple in the Adelaide Arcade for over 75 years and run by the current sole owner-operator for more than 30 years, needs to be sold due to sudden health issues.
Location Details
Adelaide Arcade - Shop 13, 112 Grenfell St, Adelaide SA 5000
Prime location in the heart of the thriving and vibrant Adelaide Arcade.The store and the arcade are both well-known drawcards for tourists and locals alike.
Potential
A unique business in a niche market with minimal competition offering non-perishable, evergreen products that never go out of style. Currently not operating at full capacity, with no advertising, social media presence, or online trading and thus significant potential to optimise sales through online platforms and social media marketing. Opportunities to expand product lines and sales into further niche markets (bespoke dressmaking or alterations, hand dyed wool, leather goods etc).
Skills
Experience in fashion, dressmaking, sewing, knitting, crafts, and/or leather goods, as well as general retail experience would be useful.
Hours
Run by an 81-year-old lady operating 5 hrs a day Tue-Fri and 4 hrs on Saturday.
Closed on Sunday and Monday.
Lease
The Button Bar is a significant drawcard for the Adelaide Arcade and as such a favourable lease can be negotiated.
Employees
Owner-operated, with one additional employee for one day per week.
Reason for Sale
Urgent sale due to a serious fall suffered by the owner
About the Business
Business Highlights
• Location: Prime spot in the heart of the thriving and vibrant Adelaide Arcade.
• History: Established for over 75 years with a loyal customer base.
• Specialty: Renowned for having one of the largest retail selections of unique buttons of all sizes and for all purposes in Australia.
• Product Range: Wide selection of buttons, embroidered and sequined motifs, fashion accessories, haberdashery items, Clover products, wool, and knitting needles.
• Tourist Attraction: A well-known drawcard for tourists and locals alike.
Opportunities for Growth:
• Underutilised Potential: Currently not operating at full capacity, with no advertising, social media presence, or online trading.
• Expansion: Significant potential to optimise sales through online platforms and social media marketing.
• Market Presence: Opportunity to expand into niche makers and artisan markets with the abundance of stock available.
Why Buy This Business?
• Lifestyle & Business: Perfect blend of a lifestyle business with ample opportunity for further profitable development.
• Unique Offering: Speciality store with a unique product range that attracts a diverse customer base.
• Established Reputation: Long-standing reputation and a loyal customer base provide a solid foundation for future growth.
History
An Adelaide Icon - The Button Bar has been in business in the Adelaide Arcade for more than 75 years and this is the first time on the market in more than 30 years.
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