The luxury retail tourist business is catering to the local affluent and growing tourist market.
Over the last 15 years, the business has established itself as a Market leader in their luxury goods niche market. This growth has lead to the development of more unique products as well as lower operating costs, stronger buying power and a gross profit margin of around 70%.
The high-end business enjoys a prime Sydney tourist location allowing it to have easy access to its strong local customer base and a booming international tourist market. Recently this business has experienced a period of accelerating sales growth estimated to reach an annual net profit (before tax) of around $2,100,000 this financial year.
This luxury business is currently running under well-developed management systems allowing the owner more time for further product and systems development. The owner now averages around two working days per week.
An opportunity has been created for an operator or investor to utilise these cost advantages and well-developed business base to develop this business further in major centres around Australia and greater global audience.
Subject to negotiation the current owner is willing to stay on for a reasonable period to guide you to the next level and capitalise on the growth of your luxury brand.
This business would suit someone looking for a market leading high end scalable business with strong growing cash flow and a strong cost & market competitive advantage.
