This is a rare opportunity to acquire one of the largest and most prominent variety retail businesses in a thriving NORTH NSW coastal township, widely recognised as the place to meet, shop, and mingle within the local community.
Operating successfully for 38 years with only two owners, this business has proven itself as a bulletproof performer through all market conditions. It offers a wide mix of essential goods alongside a unique emporium-style product range, consistently attracting strong foot traffic and repeat customers.
Positioned in a premium CBD main street location, the business benefits from constant pedestrian flow, strong local support, and tourism exposure.
KEY FEATURES
• Established 38 years – only 2 owners in history
• One of the most prominent retailers in town
• Premium CBD main street location with constant foot traffic
• Large-format store (~800sqm) with rear access & loading dock
• Approx. $380K stock holding (balanced and easy to manage)
• Above-industry gross profit (55%+)
• Approximately 20% cash sales component
• Fully fitted kitchen, staff amenities, and extensive storage
• Upstairs space with potential to expand revenue streams ([Web Link Censored]. online sales or new concepts)
OPERATIONAL STRENGTH
• Fully under management with experienced full-time manager
• Supported by 2 full-time staff plus casual team
• Owners operate in the background (supplier negotiations, financial oversight, staffing)
• Opportunity to reduce wage costs through family involvement
PLANT & INFRASTRUCTURE
• 35KW solar system (only 6 months old) delivering significant power savings
• State-of-the-art $20K surveillance system
• Multiple air-conditioning units and fans throughout
• Efficient layout with strong stock flow and storage capacity
FINANCIAL SNAPSHOT (FY26 RUN RATE)
- Weekly sales: ~$26,500
- Weekly averaged Cost of Goods @45% $11,925
- Total weekly wages including owners ($1,855) $6,000
- Weekly rent $3,700 (including GST)
- Weekly Miscellaneous. expenses $2,000
- Total weekly expenses $23,625
- Net profit weekly $2,875
- Add back owners wages $1855 + misc. (including directors’ drawings)
- Annual SDE $292,000
LEASE
- Sellers own the freehold
- Rent will be set at $175K per year for the entire shop of 800 sql @ $218 per sqm
- Rent equates to approximately 12% of shop takings based on 2026 FY
- Lease offered 3x3x3 with 3% increase annually
- Tenant to pay all outgoings (excluding land tax)
WHY THIS BUSINESS?
• Proven essential retail model – resilient in all conditions
• Strong margins with diversified product mix
• Immediate cashflow from settlement
• Significant upside via online expansion and utilisation of upstairs space
• Lifestyle and income opportunity in a high-demand coastal region
IDEAL FOR
• Investors seeking passive income
• Family operators looking to optimise wages
• Retail groups expanding footprint
• Sea-change buyers
• Visa applicants (subject to independent advice)
High-performing NORTH NSW coastal variety store delivering approximately $292K SDE, 55%+ GP, under management, with strong foot traffic, expansion upside, and a 38-year proven track record.
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