For Sale $2,700,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $2,700,000

Business Details

Retail - Fashion - Ladies Wear - Evening Wear - North West Syd.



Retail - Fashion - Ladies Wear - Evening Wear - North West Syd. - Agent SBX Code Number: GJ1344

Retail evening and cocktail wear, jewellery, shoes and accessories, bridesmaids, gift vouchers and alterations service. - Sophisticated, high end brand names including Sheri Hill, Dollywood , MacDuggal, Jovani, Portia and Scarlett etc. - The sale also includes the online business and the alterations business. - Online sales account for 10% of current business and growing - Sydney shops $60K per week and Melbourne shop $20-30K/week. -June, July, August, September are the formal season when revenues double. - Competent senior staff member in each shop could easily take over as manager if required.

Potential
Could open in Queensland and Western Australia. - Further expand online sales.

Features
Instagram 200,000 followers - Facebook 90,000 followers - Very active on social media - Free shipping for orders greater than $300K - Online ordering system.

Premises
Beautifully presented retail outlets, nothing to spend, with fitting rooms, POS systems, storage

Location
3 retail outlets - (1) Melbourne (2) Major shopping centre Lower North side Sydney ( 1) Major shopping centre Hills district Sydney.

Trading Hours
7 days - 9 a.m. - 6 p.m. (similar in most locations)

Lease
2.5 year lease Sydney (1) with opportunity for new 5 year lease.

Employees
1 full time and 1 part time owner + 8 full timers + 4 casuals in 3 locations

Comments
Sydney store (1) 70 sq. mts. + huge storage space - Sydney store (2) 75 sq. mts. + storage space, - Melbourne store 300sq mt. includes warehouse - first time offered this substantial business trades from 3 retail outlets.- Vendor plans to eventually move into wholesaling and will offer exclusivity on their brand to the buyer.- Exclusive brand is Portia and Scarlett. - No competitor of similar size. - Business has established its own alterations service which is revenue generating.

Figures
Weekly Sales $103917
Rent (ex GST) $6614
Wages $6242
Profit $35408

Agent SBX Code Number: GJ1344 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Retailer
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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