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Established Retail Business Opportunity In Pokolbin For Sale

Pokolbin, New South Wales, Australia
Asking Price:
Under $100K (AUD)
Sales Revenue:
$100K - $250K (AUD)
Cash Flow:
Undisclosed

EXPRESSIONS OF INTEREST Seen
Business opportunity in a busy tourist venue in the Hunter Valley, attracting more than 300,00 visitors a year. If you are a resourceful retail operator (or have business acumen and high energy), this is a fantastic opportunity in the "premier" position in this popular tourist attraction.

Due to ill health, the current operators have been unable to take full advantage of this for the past eighteen months.

Fully fitted out retail premises (Slatwall cabinets and displays) of over 100 sq m. with 3-phase power and an unutilised, fully tiled kitchen area (previously sub-let as a cafe). landlord has agreed to use the premises as a wine tasting and sales area (again, due to the health problems of the current operators, this has not been taken up).

22 months remain on a 3-year lease, with the option to renew for a further 3 years. Currently operating as a Gift/Souvenir Shop. Several options are available to the right new operator:
1) Take over the lease only (with agreed payment for existing fixtures & fittings),
2) Take over lease with SAV and the current operators supplying a unique range of “Made in the Hunter Valley” products into the future.
3) Take over the lease with the SAV and the purchase of raw materials, plants, and machinery, and be trained by the current operators in the production of "Made in the Hunter Valley" products.

This regretful sale is motivated by ill-health, with the consequence that business opportunities have not been exploited to their fullest extent, and the present owners are unable to continue operating the business in it’s current form.

Property Information

Real Estate:

Lease

Lease Terms:

Current lease expires 31 October 2025 with option to renew for 3 years. Promotional levy of $333.00 per month as contribution towards marketing.

Leasehold Rent:

$83,916 (AUD) per annum

Location:

Situated in a retail shopping village at a leading tourist attraction in the Hunter Valley Vineyards

Premises Details:

Retail store in premier position in the shipping village.

Size in square feet:
over 100 sq. metres

Business Operation

Expansion Potential:

Landlord has agreed to additiona; use of the building for wine tasting and sales. Previous tenant was allowed to sub-let part of the p-remises as a coffee shop. Fully tiled "kitchen" area with three phase power.

Competition / Market:

Two other gift shops within the shipping village.

Reasons for selling:

Ill-health

Trading hours:

10 am to 4pm 7 days a week (not limited to those hours).

Employees:
3
Years established:
2

Other Information

Support & training:

If the buyer purchases plant and equipment they will be trained in the production of various "Made in the Hunter Valley" souvenirs. Time period of training is negotiable.

Furniture / Fixtures value:
$5,000 (AUD)
Inventory / Stock value:
$20,000 (AUD)