SBX Business Brokers Phone : 02 9439 **** SBX Business Brokers
02 94 ****




Retail - Variety - Gifts - Discount - Well established

Listing Id : 245468

Location : New South Wales

Category : Hardware

Asking Price : 90,000

Business description

Retail - Variety - Gifts - Discount - South West Sydney - Agent SBX Code Number: FQ1122 Retail variety store selling popular and low-cost items such as hardware, kitchenware, baby products, cup holders, confectionery, picture frames, pet goods, toys, gifts, clothing, stationery, household necessities etc. - Goods are mostly from China, Korea, Japan etc. - Large retail space with high-tech POS software and multi-camera retail surveillance system. - Stock is procured from wholesalers with 30-45 days credit terms or can be imported directly overseas. Potential Would suit owner operator to improve turnover - Having more selection of inventory will boost turnover - Use websites, social media, review sites for marketing and promotion - Sell products online. Features Excellent location - Limited competitors nearby - Under management Premises Large premises with an area of 1100 sq.mts consisting of 2 storeys. - Lower floor is retail and upper floor is storage space and office. Location Situated on a busy street in the shopping and commercial hub of South Western suburb. Trading Hours 7 days - Mon. - Fri. - 900 a.m.- 530 p.m. -Sat. - 900 a.m.- 500 p.m. - Sun.- 1000 a.m.- 430 p.m. Lease Current lease expires 28th Feb.2019. - 4% annual increases. - 3 months bond. - New lease to suit buyers subject to landlord approval. Employees 1 Manager (fulltime) + 2 casuals Comments Misc. - 1 - refers eftpos merchant fees. - Payment methods are approx. 40% eftpos and 60% cash. - The vendor is willing to sell the business with or without stock. - Motivated vendor wants to sell a.s.a.p.- Profits are based on one-owner operator working full-time. - Wages are $1,800 if under management with Managers wage of $1,000 p.w. - Turnover for 2016-2017 financial year is approx.$650K (or $12,500 per week) Figures Weekly Sales $12500 Rent (ex GST) $2115 Wages $800 Profit $3535 Agent SBX Code Number: FQ1122 - SBX Business Brokers


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