This highly successful surf and sport retail business has been serving the Gippsland community since 1979. As the sole owner of the business over that time moves into retirement, this presents a fantastic opportunity to own and operate a business with a proven track record.
About the Business
For over 35 years this business has been the first choice for generation after generation of customers seeking leading brand name surf and sportswear. Over many successful years of trading the business has built strong relationships with all the limited outlet brands such as Nike, Asics, Adidas, Oakley, Arnette, Rip Curl and Quicksilver just to name a few.
Being limited outlet brands, the business continues to operate without the threat of incoming competitors acquiring such brands in the local area.
The business is situated in the prime retail district of town and is surrounded by complimentary shops, popular cafes, restaurants and ample parking.
Other key details include:
• Immaculately presented shop fit out with 400m2 floor space, 100m2 offices (including 2 toilets, ample storage space with mezzanine and 3 rear carparks)
• Comparative sales analysis shows very steady trading figures with adjusted PEBITA of over $130,000 [Web Link Censored].
• Generous total occupancy cost under 5% Gross business profit
• Further 5 years on lease
• Vendor available for 2 week training handover period
• Genuine reason for selling due to retirement
A comprehensive Business Profile is available post signing a Confidentiality Deed. For further information regarding this fantastic opportunity, please contact Cameron Prosser on [Phone Number Censored] or [Phone Number Censored].
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