Retail - Ladies Fashion - Accessories - Under Management - Retail - Ladies Fashion - Accessories - Under Management - Southern Shire

Business For Sale New South Wales

Business Category Clothing Accessories

$500,000

Description

Retail - Ladies Fashion - Accessories - Under Management - Retail - Ladies Fashion - Accessories - Under Management - Southern Shire

Retail - Ladies Fashion - Accessories - Under Management - South Sydney - Agent SBX Code Number: SF1645

Retail ladies fashion and e-commerce store. - Recently renovated and expanded selling a wide range and variety of ladies fashion, scarves, candles, jewellery, sleepwear and other accessories all at reasonable prices. - This is an Iconic retail store that has been operating for over 35 years in the same area and caters for all ages. - Big potential as the e-commerce store is now fully set up and running with a website.- Sales from the website are increasing and not included in the profile and can be discussed further at a meeting with the vendor. - Sales figures shown are ex GST.

Potential
Increase social media and e-commerce opportunity (currently 1550 Facebook followers, 3300 Instagram followers, 900 email subscribers, XXXXXXXXXX website visits per month, 680 online customers, 100 repeat online customers) Open other stores. Consolidate into larger fashion retailers operations. An owner operator can save on wages

Features
Great position - Plenty of foot traffic - High profit margins- Strong local clientele - A local icon - Recently renovated - Very well established- Currently Under Management

Premises
Large retail shop with storage room, office & staff amenities area and a good frontage with a floor space area of 200 sq. mts.

Location
Situated in a busy pedestrian mall close to a popular beach and surrounded by commercial and residential In South Sydney.

Trading Hours
7 days - Mon. - Fri. - 9 a.m. - 5.30 p.m. - Sat. - 9 a.m. - 5 p.m. - Sun.- 9 a.m. - 5 p.m.

Lease
Current 5 year lease expires Aug. 2024 + 5 year option - C.P.I. increases - 6 month bond

Employees
1 full time Manager + 1 part-time Assistant Manager (shown in profit as for owner operators) + 4 casuals

Comments
Misc.- 1 - Other general expenses. - Stock varies depending on time of the year.- The weekly figures above are a yearly average. - Summer sales can reach $25 - $30K per week.- Full financials are available after meeting with the owner for serious buyers.- The Managers wage of $1,260 p.w. and 1 part time Assistant Manager wage of $900 p.w. (total $2160 pw) has been removed from wages and shown in net profit as for two owner operators - This is a fantastic opportunity to purchase a well established business with additional sales potential - Inspection is recommended but please be very discreet and only visit the store as a customer.

Agent SBX Code Number: SF1645 - Sydney Business Exchange
Contact Seller
SBX Business Brokers

Bsale ID: 565231
Broker REF: SF1645

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