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Business ID: BS------
KEY FEATURES: Byron Bay’s longest running lifestyle business. Full of character feeling and great positive vibes. Exciting tax-free overseas business trips for stock purchases or products can be ordered by email. Secure business established 20 years. Huge product range including unisex clothing and accessories, crystals, silver jewellery, musical instruments, handicrafts, didgeridoos, aboriginal range, Ayurvedic and natural cosmetics. They have a diverse and unique range of worldly treasures all at unbeatable prices. Iconic business READY for young blood to expand the small wholesale business and launch an eCommerce website for online sales. Many of their customers are regulars across Australia and Overseas, also business from the tourist backpackers and holiday maker market.
SUBURB: BYRON BAY NSW
DESCRIPTION: Owner’s retiring due to age but will remain in contact for the long term due to an exclusive product range one of the current owners supply to the business for sale. The owners with 45 years’ experience will be available for support, help, ideas in the business if needed.
POTENTIAL: Enormous, as current owners do not have a website or any online presence. Also, they have kept the wholesale business small, have never advertised and only wholesaled from requests by other retailers visiting their shop. Byron Bay is a no.1 tourist destination making huge potential to increase Didgeridoo sales online and overseas. Also, person with a flair for designing ladies clothing could dramatically increase sales, combined with website and social media interaction.
PREMISES: Large shop frontage with 3 glass windows and double glass doors. Shop is 7m x 6.5m, refer to photos. Well fitted out, good ergonomics making the best use for merchandising of the space. Still potential to improve, update signs and fixtures. The building is safe and secure solid concrete brightly painted inside. Out the back is a courtyard garden and a changing room with natural light. Underground shop car park and an extra secure storage packing room next to shop car park. At the front of the shop is a large customer car park landscaped by beautiful trees and surrounded by backpackers’ hostel and several tourist motels.
TRADING HOURS: 7 days from 9.15am to 5.45pm. Still trading during COVID-19 with strong support from locals. Still showing good returns considering current health crisis and tourist restrictions.
STAFF: Easily run by one person each day
LEASE: 3 x 3 with CPI increases, very low rent and a fair landlord. Current business has traded here for 24 years without problems.
COMMENTS: This business has secured ‘priceless’ connections over 20 years with many reliable honest quality overseas manufacturers and suppliers. These contacts alone are worth the price of the business.
MISSION STATEMENT: We practice ethical trading honesty integrity and fair trading with suppliers and customers. The shop has a great reputation.
WE ARE NOT JUST A RETAIL SHOP: Extra business, product advertising at our permanent PRIME position at the Byron Bay monthly market, which attracts thousands of visitors a year. Their special customised marquee is used.
SMALL WHOLESALE BUSINESS: Without catalogues or normal advertising from their unique and well-priced products they have a small wholesale business, that has sold between $15,000 and $40,000 per annum. Reasonable margins with ENORMOUS POTENTIAL for expansion. Present owners have not tried to grow this wholesale business.
WEEKLY SUMMARY FOR RETAIL SHOP ONLY:
Weekly average sales – $3,130 (has produced higher sales if needed)
Cost of Goods – $850 approx.
Rent & Outgoings – $420
Owners Drawings – $1860
THIS BUSINESS IS SOLD WIWO.
Retail shop + FREE small wholesale business Price $130,000
Current stock approx. at cost price $115,000 (Retail value approx. $350k)
SPECIAL PRICE $198,000 WIWO
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