Homewares - Retail

Business Code: G1625


Key Features: Great business

State: NSW

Location: Situated opposite major supermarket in shopping centre with a number of other specialty shops in New England area.

Description

Retail homewares store also selling kitchenware, gourmet foods and specialty gifts. - This is a huge, well organised shop which is highly profitable, requires very little staffing and does not need an operator with previous retail experience. - There are systems in place for everything. - They use 'Retail Express' for ordering and stock control. - Shop fitout cost was $150,000.

Summary

  • Features: Profitable - Easy to run. - 17 year lease with very cheap rent. - Average mark up items of 215%. - Opposite major Supermarket that is in the top 10 highest performing in NSW.

  • Potential: 2 owners could easily run the business with the help of a casual. - Recently started an email list for specials and new product lines. -Just launched a VIP club . -Recently introduced 4 specials bins out the front that have been written into the lease and have been hugely successful.

  • Premises: Huge 125 sq. mt, retail space with 31 sq. mt. storage area.

  • Trading Hours: 7 days - Shopping centre hours

  • Lease: 10 + 7 year lease commenced 1st January, 2016 - 3% increases p.a. - $10,000 Bond

  • Employees: 1 full time owner + 1 casual owner + 1 fulltimer + 1 casual

  • Comments: Average sales figures are GST inclusive. - Wages are based on 1 owner working 40 hours and the other working 20 hours per week. - Telephone includes internet. - Insurance includes workers comp. - Misc. 1 is GST. - Misc. 2 is other operating expenses. - Figures available for approved buyers. - Great investment for a family.

Weekly Summary

Weekly Takings
(inc GST)

$14,000

Cost of Goods

$6,500

Gross Profit

$7,500

Rent

$757

Wages

$1,300

Outgoings

$50

Telephone

$35

Insurance

$62

Electricity

$90

Misc1

$450

Misc2

$756

Total Expenses

$3,500

Estimated Stock (Additional)

$170,000

Net Profit

$4,000

Price

$129,000

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