Think Big! Elephant Sorrento Lifestyle Store - Lifestyle And Homewares B...

Business For Sale 3 George St, Sorrento, Victoria 3943

Business Category Clothing Accessories Entertainment Tech Hardware

$98,000

Description

Think Big! Elephant Sorrento Lifestyle Store - Lifestyle And Homewares B...

The New Seachange is here and this is your chance to live the lifestyle dream in the historic and picturesque seaside town of Sorrento on Port Phillip Bay.


After almost ten years of living their own dream the owners of Elephant Lifestyle Store, this iconic and eclectic lifestyle store on popular George Street, are looking for a creative and artistic soul to take over the reins of the enterprise that they have so lovingly built. Elephant is a world of surprises and delights where customers can discover textiles in vivid colours, artwork, prints, clothing, giftware, garden ware, jewellery, furniture and one-off pieces - there is something for young and old, both quirky and contemporary.


With 110 square metres of space packed with grunge and glamour Elephant features exclusive products from Australian and NZ suppliers such as Ahoy, Trader, Jai Vasicek, Kip and Co., Sage and Clare and By Charlotte. It has built up a strong local following through the year and draws huge tourist numbers over the holiday periods. Online sales, especially for artwork, increased dramatically throughout 2020 aided by a dynamic Instagram and Facebook presence.


All the elements are present to ensure a successful transition for the new owner – a turnover in excess of $400K and net profit of $100,000+, a moderate rent of $3,509 (approx.) including GST with a flexible lease and options, as well as a generous handover and assistance period. The business will suit an owner-operator, looking to complement the unique Peninsula lifestyle with a reliable income and a non-stressful creative pursuit.


So, if you are starting to think BIG, then make an appointment now to view the business and speak to the owner about making this Elephant your own.


Price: $98,000 plus SAV (approx. $50,000)
Contact: Alan Maguire ( XXXXXXXXXX )

Email: XXXXXXXXXX
Web: XXXXXXXXXX
Contact Seller

Bsale ID: 558205
Broker REF: 3286466

Maguires Real Estate
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