Variety retail shop in Prime Location

22 days ago

Location:
Strathfield 2135 > Sydney - Greater > New South Wales

Investment level:
$290,000 (Negotiable)

Type:
Business

Industry:
Retail > Discount & Variety Stores

Private Seller

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Summary

Retail - Variety - Homewares - Inner West Sydney

Revenue

$21,000 pw

Rent

$5,000 pw

Expenses

$2,500 pw

Net Profit

$13,500 pw

Location Details

Shop 8 Strathfield Plaza, 11 The Boulevarde
Situated in Strathfield Plaza. In a prime location where foot traffic is the busiest.
Close to Strathfield station, bus stops and taxi stands.

Potential

Local marketing, longer trading hours, change product range, social media, online shop.
Many apartment developments around the shopping centre due to be complete within the next few months - an increase in customer base.

Skills

Previous experience in managing a retail environment will be handy but not necessary as all comprehensive training will be provided.

Hours

7 days
Mon - Tue - Wed - Fri - Sat 9am - 7pm
Thur 9am - 9pm Sun 10am - 6pm

Lease

Current lease expires 20 June 2022.
Increase 5% each year.
3 months bond

Employees

1 owner/manager + 2 full time staff + 1 part time/casual

Reason for Sale

Looking at new industry, just completed Diploma in Mortgage Broking.
Also due to health reasons. Being a very physical job, Ive had constant back pains and also recently a neck operation with nerve damage.

About the Business

Plusliving is a retail variety shop which sells high quality products at reasonable prices.
It has been a family business for the past 12 years and still going strong.
Over the past few years, we have imported items from Korea and Japan to focus on quality and unique products ranging from fry pans, glassware and plastics.

The Strathfield demographic is quite a unique mix. A majority of clients are of Korean, chinese, indian and nepalese background.

Plusliving is different and unique to other variety shops because we are always changing the product line. We attend all the trade fairs and keep up with current trends and fads.

It will be a great investment for someone who is wanting a variety shop in a busy high traffic shopping centre with NO DIRECT COMPETITION.

It is a rare opportunity for someone who would like to make major changes to an already successful business.

History

A family run business for the past 12 years.
Started importing from Japan/Korea 5 years ago.

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