Internal Ref: B14456
Summary
*UNDER OFFER* This well-established retail business is run totally under management and includes a store front as well as online platforms.
Revenue
$3,038,188 pa
Hours
6 days: Mon, Tues, Wed, Fri, Sat: 9am-5pm, Thurs: 9am-5:30pm; Closed Sun
About the Business
This well established retail business is run totally under management and includes a store front as well as online platforms.
Selling women’s fashion and accessories, gifts and homewares from a beautifully presented store located in Melbourne’s Eastern suburbs. The store is located in a busy shopping strip, surrounded by busy hospitality businesses and very little competition. The area promotes a lot of foot traffic due to the shops around, offering food staples, liquor, cafe and takeaways.
There is ample parking for customers.
The business comes with a fully set up online business with 2 websites and social media accounts. Shopping cart and delivery systems are in place.
In addition to this, there is also a warehouse, to store all the stock for the websites. The online and store front run separately with their own team of staff.
Vendors are open to consideration of vendor finance terms for purchase and payment of stock on hand.
This is an easy to run business with long-established relationships with manufacturers and suppliers.
Average takings per week are over the $40,000 range, with 2023 gross revenue $3,038,188.22, which is over $60,000 per week across 50 trading weeks in a year. This is absolute passive income, without the owners working in the business or promoting.
The sky is the limit with this business, as the new owner can expand the range of products on offer and invest in further website developments and marketing.
This is a rare opportunity to purchase an entire retail business model, which includes stock, online presence, store front establishment and strong team of staff- that allow the investor to be completely passive.
For more information and to organise an inspection contact Elle Likopoulos on 03 9566 7300 or Chris Panagiotidis on 0433 582 533.
Ref: B14456
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