About the Opportunity

Business ID: XB162647

TURNOVER: $1.6M - ONLINE + RETAIL SALES – ROI 50%

Hip Pocket Workwear & Safety Batemans Bay is a well-established business that benefits from strong purchasing power, enabling competitive prices that could match online rates. With minimal comparable competition – and a high rate of repeat customers – there is significant potential to boost revenue.

BUSINESS HIGHLIGHTS:

- The business is an industry-recognised franchise with over 50 locally owned locations nationally and several new stores opened in recent months

- A diverse product range enables the business to cater to a broad customer base, increasing potential revenue streams

- Products include corporate clothing, hi vis safety workwear, protective clothing, personal protective equipment (PPE), safety boots, chefs wear, school uniforms, signs, lawn bowls gear, etc.

- A new workwear line, the ‘Red Collection’, has been designed exclusively for the franchise by Yakka

- There is limited competition due to industry recognition and the diverse product range

- The business benefits from strong marketing through social media, local television, and an eCommerce-integrated platform provided by the franchisor. New building signage has also just been installed

- The business is located in a fast-growing town with many infrastructure projects expected in the next 5–10 years, including the Ulladulla Bypass ,Moruya Bypass and the Moruya Regional Hospital which is currently under construction

- Companies involved in these projects setup monthly accounts and utilise the business for their employees workwear & safety needs

- The business has a reliable distribution network with strong relationships with local clubs and employment agencies who purchase at full retail prices, resulting in a high rate of repeat customers

- The premises (approx. 587 sqm) are in a prime position in an industrial area surrounded by warehouses, factories, and service providers, just 50 metres off the main highway. The near-new (2016) building includes 8 off-street car parks

- No licences, trade, or special skills are required to run the business. Retail experience is ideal, and the new owner should be prepared to drive the business

- The franchisor offers a two-week training course in Melbourne, paid for by the seller

- The current owners are also offering training

- A website is in place for online sales but could be much better utilised and promoted

An excellent opportunity to own a proven, high-turnover franchise with strong brand reco