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Established Sports & Leisure Retail Business In Sanctuary Cove For Sale

Sanctuary Cove, Queensland, Australia
Asking Price:
$250K - $500K (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (AUD)
Cash Flow:
Not applicable

Fancy a change of pace or an escape route from the ridiculously-overpriced capital cities? If you enjoy talking about sport and current affairs while making sales to interesting and successful people, this could be the perfect business to kickstart your dream lifestyle in sunny, relaxed, and inviting Southern Queensland...

The iconic Sports & Leisure Cove golf/resort wear store in Sanctuary Cove caters to an exclusive clientele who own property on nearby Hope Island, and play golf and manage their investments in their spare time. Since opening in 1991, this well-known store has had only two owners, with the current proprietors buying in 2007 and going on to enjoy an extended period of sustained growth.

After consistently adding value over their 14-year proprietorship, guiding the business through Covid-19, and nearing retirement, the present owners believe now is the perfect time to pass their beloved business on to its third set of owners. Lets take a look at some of the features that set this business apart:

- Easily run by one person
- Ready for you to put your own spin on things (if you want to) with a fresh coat of paint or an online presence
- Simple to scale up and automate sales with a website (already have one with a domain but needs a bit of TLC)
- Well-known and trusted brand name recognized by local golfing aficionados as well as regular interstate and foreign (NZ and Asia) customers
- Mostly repeat customers who come back for the personal attention and latest golfing styles
- Excellent relationships developed over the years with world-famous golf-wear and footwear brands
- Prime location where the target market lives and plays
- Surrounded by three beautiful golf courses

-- COMPETITIVELY PRICED AT $150,000 + Stock At Valuation --

If this sounds like the kind of low maintenance, stress-free business you are looking for, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

$84,000 plus 3% CPI

Leasehold Rent:

$84,000 (AUD) per annum

Location:

High street location in the middle of the Sanctuary Cove shopping precinct

Size in square feet:
1,600

Business Operation

Expansion Potential:

There is huge potential to expand with an online presence. A simple website combined with slow but steady SEO done by Google My Business would lead to even further revenue. The current owners dabbled in this with some success.

Competition / Market:

No competition in the immediate vicinity. The nearest competition would be at Runaway Bay Shopping Centre more than 10km away.

Reasons for selling:

Retirement

Trading hours:

9.00am - 5.30pm

Employees:
0 (owners run the business)
Years established:
30

Other Information

Support & training:

The current owners would negotiate a hand-over period where they would train the new owners in all aspects of running the business. The previous owner would even be open to working in the shop a number of days per week.

Inventory / Stock value:
$250,000 (AUD) - included in the asking price

Contact Seller

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