Visit this listing at https://www.sbx.com.au/business?id=MF1004

Business Code: MF1004

Key Features: Retail - Souvenirs - Gifts - Sydney Location - Sales $7,500 p.w.

State: NSW

Location: Premium location in Chinatown area with new residential construction nearby.

Description

Retail souvenir shop selling Australian tax free gifts- Local brand health care products, skin care products, wool products, etc - Many overseas visitors are clients and come as a group with tour guide.

Summary

  • Features: Easy to run - High profit margin - Well established - Well known - Loyal customers
  • Potential: Lots of potential. - More connections with travel agencies. - More marketing - Add Chinese Daigou items.
  • Premises: This business has an area of 90 m2 with 15 m2 storage area + 2 offices + 1 bathroom
  • Trading Hours: 7 days - Mon. - Sun. - 11:00 a.m. - 7:00 p.m.
  • Lease: Current lease expires 31st Jan. 2022 - 6 months bond - 3% rent increases every year.
  • Employees: 1 owner + 1 fulltimer
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$7,500

Cost of Goods

$4,000

Gross Profit

$3,500

Rent

$1,454

Wages

$840

Telephone

$21

Insurance

$30

Electricity

$47

Total Expenses

$2,392

Estimated Stock (Additional)

$40,000

Net Profit

$1,108

Price

$118,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Retail - Souvenirs - Gifts

Business Code: MF1004
Price: $118,000
+ Estimated SAV $40,000

Key Features: Retail - Souvenirs - Gifts - Sydney Location - Sales $7,500 p.w.

State: NSW

Location: Premium location in Chinatown area with new residential construction nearby.

Description

Retail souvenir shop selling Australian tax free gifts- Local brand health care products, skin care products, wool products, etc - Many overseas visitors are clients and come as a group with tour guide.

Summary

  • Features: Easy to run - High profit margin - Well established - Well known - Loyal customers
  • Potential: Lots of potential. - More connections with travel agencies. - More marketing - Add Chinese Daigou items.
  • Premises: This business has an area of 90 m2 with 15 m2 storage area + 2 offices + 1 bathroom
  • Trading Hours: 7 days - Mon. - Sun. - 11:00 a.m. - 7:00 p.m.
  • Lease: Current lease expires 31st Jan. 2022 - 6 months bond - 3% rent increases every year.
  • Employees: 1 owner + 1 fulltimer
  • Sale Reason: Going overseas
  • Comments: Rent includes all outgoings, - A motivated new owner or couple could greatly increase sales and profit.

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

$7,500

Cost of Goods

$4,000

Gross Profit

$3,500

Rent (ex GST)

$1,454

Wages

$840

Telephone

$21

Insurance

$30

Electricity

$47

Total Expenses

$2,392

Estimated Stock (Additional)

$40,000

Net Profit

$1,108

Price

$118,000
+ Estimated SAV $40,000

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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.