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Flourishing Art Supplies Retailer & E-commerce For Sale

Sydney City Fringe, New South Wales
Asking Price:
$500K - $1M (AUD)
Sales Revenue:
$1M - $5M (AUD)
Cash Flow:
Available on request

Brilliantly grasping $380,000+ net profit a year from integrated revenue streams

· The one destination frequented by all art professionals, students, hobbyists and enthusiasts
· Specialty supplies and services conveniently housed in one store for all art, design and architectural needs
· The business comprises two retail stores and three e-commerce sites
· Revenue from the storefronts stays above $1.5mil p.a.
· The online channels contribute over $250k sales p.a.
· Suitable for an experienced retailer, an investor who has a complementary business or simply an art enthusiast

Financials:

Sales: ˜ $37,000/wk
Profit: ˜ $7,700/wk
Rent: ˜ $4,500/wk
Wages: ˜ $7,000/wk (under management)
Utilities: ˜ $300/wk

Property information

Real Estate:

Lease

Lease Terms:

#1 Lease expiry in June 2023
#2 Lease expiry in May 2020 with 2 years Option

Location:

#1 Fronting the street along bus routes, next door to shopping centre and within walking distance to two major universities
#2 Subtly located in Sydney’s most renowned artistic block, within walking distance to bus stops and train station

Premises Details:

#1 Premise:

· Owned for 7 years
· Shop area approx. 250 sqm plus a 50 sqm storage area and a 40 sqm office area

#2 Premise:

· Owned for 11 years
· Approx. 100 sqm including a 2 sqm storeroom

Business Operation

Trading hours:

#1 Mon-Fri 9am-6pm, Thur till 7pm, Sat 10am-5pm, Sun 11am-4pm
#2 Mon-Fri 9am-6pm, Sat 10am-5pm, Sun 11am-4pm

Employees:
#1 A full-time store manager in place, 2-3 full timers required a day #2 A full-time store manager in place, 1-2 full timers required a day

Contact Information

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