Summary
We Are Mindful has been established for 6 years in the beautiful seaside suburb of Cronulla. The store offering includes wellness and lifestyle gifts, homewares, clothing and accessories.
Revenue
$1,000,000 pa
Rent
$100,000 pa
Expenses
$780,000 pa
Net Profit
$120,000 pa
Location Details
95 Cronulla St
Prime location within the Cronulla Mall. 160 sqm premise that is split up into a shop at the front of 90 sq m with a studio / storage / kitchen at the rear of 60 sq m. There is under storage in two bathrooms as well as 2.5 car garage.
Potential
Established business within the Cronulla / Sutherland Shire
6 years of operation
Skills
Running a small business, customer service, bookkeeping, managing staff, fashion and gift buying
Hours
7 days a week. Mon - Tues 9:30-5pm, Sat 9:30-4pm and Sun 10-4pm
Lease
Lease ends September 2027. No option for renewal however landlord is very happy with us as a tenant.
Employees
One casual and one junior.
Reason for Sale
i'm looking to settle down with my husband and we are planning to have a family. We will likely relocate out of Sydney because of the rising property prices.
About the Business
We are a fashion and gift store that focuses on brands that are ethical and sustainable, using natural fabrics and ingredients, and Australian Made where possible. Our customer base are predominetely women of all ages.
We Are Mindful has a unique curation of brands that are highly sort after but not commercial. The store fit-out has been carefully designed to have a calm and positive shopping experience. We have perfected the balance of having enough stock on display without being too crowded.
Despite the challenges faced in the retail market in the past couple of years with covid etc, we have continued to grow. We have built a strong community of followers via our social media 26.1K and in-store customer base of 10K+
Website: www.wearemindfulstore.com Instagram: @wearemindfulstore
With the right owner who understands the fashion and gift market, I believe it has the potential to grow even further as the economic market settles.
The price is exclusive of the 3 month bond required upon taking over the lease and cost of existing stock on hand.
Studio currently rented out on a casual basis at $420 per week
History
We Are Mindful started as Mindful and Co in 2018, operating out of a 30 sq m space in Cronulla. We are currently in our 3rd location within the area. I have slowly built the size of the store as well as the stock range. We changed our name to We Are Mindful in order to trademark and believed "we are" was representative of the inclusiveness of having a strong community of customers and suppliers who align with our values of sustainability and mindfulness.
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