Visit this listing at https://www.sbx.com.au/business?id=M2104

Business Code: M2104

Key Features: Homewares - Under management. - Sales $22,000 p.w. - Net $6945 p.w.

State: NSW

Location: Perfect location in lively shopping area of affluent Eastern Suburbs.

Description

Retail serving a large selection of homewares and giftwares. -It has a variety of sections offering home furniture, home decor, home fragrances, home functional and home gifts. - The main products are sourced from Australia and China with quality, durability and affordability of trusted brands. - The business has been established for almost 12 years and is still strong and profitable through Covid-19.

Summary

  • Features: Successful business for many years. - Loyal customers. - Quality brands. - High margins. - Stable income. - Owner is not working in the shop. - Well priced to sell.
  • Potential: Promote internet sales and home delivery. A hands on active owner operator could increase sales and profit.
  • Premises: Bright and orderly shop with an area of 250 m2.
  • Trading Hours: 7 days - 9 a.m.- 7 p.m.
  • Lease: New 5 year lease commences 1st July, 2021. - First years rent is $160k plus gst. -Second years rent is $170k - Third year has an option rent $230k or negotiate new rent depending on market conditions.
  • Employees: Under management - 3 staff
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$22,000

Cost of Goods

$9,000

Gross Profit

$13,000

Rent

$3,075

Wages

$2,500

Telephone

$20

Insurance

$60

Electricity

$100

Misc1

$300

Total Expenses

$6,055

Estimated Stock (Additional)

$150,000

Net Profit

$6,945

Price

$450,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Retail - Homewares - Gifts - Under Management

Business Code: M2104
Price: $450,000
+ Estimated SAV $150,000

Key Features: Homewares - Under management. - Sales $22,000 p.w. - Net $6945 p.w.

State: NSW

Location: Perfect location in lively shopping area of affluent Eastern Suburbs.

Description

Retail serving a large selection of homewares and giftwares. -It has a variety of sections offering home furniture, home decor, home fragrances, home functional and home gifts. - The main products are sourced from Australia and China with quality, durability and affordability of trusted brands. - The business has been established for almost 12 years and is still strong and profitable through Covid-19.

Summary

  • Features: Successful business for many years. - Loyal customers. - Quality brands. - High margins. - Stable income. - Owner is not working in the shop. - Well priced to sell.
  • Potential: Promote internet sales and home delivery. A hands on active owner operator could increase sales and profit.
  • Premises: Bright and orderly shop with an area of 250 m2.
  • Trading Hours: 7 days - 9 a.m.- 7 p.m.
  • Lease: New 5 year lease commences 1st July, 2021. - First years rent is $160k plus gst. -Second years rent is $170k - Third year has an option rent $230k or negotiate new rent depending on market conditions.
  • Employees: Under management - 3 staff
  • Sale Reason: Focus on large business
  • Comments: The rent includes all outgoings. - Misc.- 1- Refers to bank merchant fee and other general business expenses. First time on market in 12 years. - The financial reports are available to view for sincere and some retail experience buyers. - A great investment opportunity. - Inspection is highly recommended.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$22,000

Cost of Goods

$9,000

Gross Profit

$13,000

Rent (ex GST)

$3,075

Wages

$2,500

Telephone

$20

Insurance

$60

Electricity

$100

Misc1

$300

Total Expenses

$6,055

Estimated Stock (Additional)

$150,000

Net Profit

$6,945

Price

$450,000
+ Estimated SAV $150,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.