Transworld Business Advisors - South Yarra Phone : 0404 47 ****
Sean McBride
03 85 ****

0404 ****


DOLLAR SHOP ST KILDA RETIRING OWNER 15 YRS

Listing Id : 270157

Location : Victoria - Balaclava -Melbourne

Category : Gift, Convenience Stores, Arts and Crafts

Asking Price : 199,000

Business description

Internal Ref: 218827

Summary

Longstanding institution in prime location has out lasted all its competition. Established 15 years ago, has been trading strongly and consistently producing six figures earnings, year in - year out.

Shop Rent | $1,706 PW (Net)* See business summary report for details

About the Business

Location Details
This highly visible business with dual entry is located on a main shopping strip with a variety of specialty shops, services and iconic food options. National retailer Anchor tenants and post office, train station and tram stop within hands reach, attracting much walk-in and drive-by traffic with plenty of parking. Dual entry.

Rent | $1,706 PW (Net)* See business summary report for details

Lease | New 5-year lease available

Hours | Mon- Thursday 8.30- 7 Sunday 9 – 6.30

Employees | 3 x Staff / Total Hrs: 147hrs

Skills | Buying, customer service, cash flow management, staff management.

Potential
Addition of Website, discount to schools, marketing, new product ranges, addition to front of shop of a food operation – pending council approval. (currently applied for and awaiting approval)

Reason for Sale | Retiring 

History | 16-year trading history.

Owners contribution
Owner works 21 hours per week.

Selling candles, homeware, kitchenware, stationery, toys, party-ware, painting, souvenir, storage, and pet accessories.

Appealing for an owner operator/family, this businesses history in the local community promises ongoing success given its 15-year street presence and strength of trading. An institution known by generations presents an excellent opportunity for a new owner to build upon and take to another level. 

• 15 years established
• 40 years experience/data to learn from retiring owner
• Iconic Melbourne shopping strip
• National Anchor tenants and post office within hands reach
• Train and tram stop across the street
• Local institution loved by all
• Dual access from carpark and Main Street

Genuine motivated seller, inspections and offers are advised and training from owner a genuine asset, with long established sales and inventory data to learn from.

CONTACT SEAN MCBRIDE TODAY FOR A MORE DETAILED BUSINESS SUMMARY ON:**** **** or Email: smcbride@tworld.com.au


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