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Gift Business For Sale in Balaclava Melbourne VIC

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Urgent Sale Bargain Retiring Owner 15 Yrs Gift Store

Location:Balaclava, Melbourne, Victoria

Category:Gift, Arts and Crafts, Convenience Stores

Asking Price:$199,000

199000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : $50,000
  • Inventory/Stock value : Undisclosed
  • Urgent Sale Bargain Retiring Owner 15 Yrs Gift Store

Business description

Internal Ref: [Phone Number Censored]

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: [Phone Number Censored] or Email: [Email Censored]

Other Information

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