Retail for sale
Situated in one of the busiest locations in Newcastle, this iconic retail men's clothing store, has been trading since 1979.
The store generates a very healthy profit margin. Low overheads and ease of management makes it to be an attractive and lucrative venture for anyone that wants to take over an established, ready-made business with potential to expand by setting up a greater online presence.
The business has been run and established with great care and pride and is very well known over many years, It enjoys a strong local and loyal reputation within the community and as such has a high level of regular and repeat trade as well as referrals and passing trade.
Its clothing line is based on quality, big brands and affordability, with a strong focus on customer service which the business is renowned for. Every item has been carefully hand-picked to satisfy the highest standards that they have to offer. This is backed by in-store tailoring to ensure the perfect fit for customers.
The leased premises comprises of a $270 m2 ground floor showroom with glass entrance doors and great window display area. Downstairs is a basement area and upstairs is an office space that is currently used for alterations. The business comes with a long term lease and options to renew that provide the same sort of long term tenure as if the property was owned outright.
The store generates approximately $2 mill per annum in sales with the potential to increase this with a greater online presence.
Net Profit - This figure has never been more healthier with some significant expenses being curbed in recent times.
This is a fantastic opportunity to purchase a truly professional lifestyle, which is enjoyable to run, very profitable, in a good location. As such, early viewing is strongly advised as this superb clothing retail business is not to be missed!
Broker: Stuart McLachlan
To complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/13855
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
- Business Category: Retail
- Business Sub Category: Clothing/Accessories