Are you looking for a profitable, well-established business in a bustling area? This is a fantastic opportunity to acquire a respected Tobacconist and Gift Store with a strong 22-year history in the heart of the City of Ipswich, QLD. Situated in a busy Shopping Village, this business enjoys high foot traffic and robust customer loyalty, ensuring a steady stream of income.
This Tobacconist and Gift Store has built a solid reputation within the community over the last two decades, reflected in its impressive 4.5 out of 5 Google rating. The store specialises in offering a wide variety of tobacco products, accessories, and an eclectic range of gifts and novelties. This diverse product range not only attracts tobacco enthusiasts but also appeals to a broader customer base interested in unique gifts.
**Key Highlights:**
1. **Long-standing History:** Established 22 years ago, this business has cemented its place as a trusted retailer in the area.
2. **Prime Location:** Located in a busy Shopping Village in Ipswich, the store benefits from constant high foot traffic, crucial for maintaining and growing sales.
3. **Product Diversity:** The store offers a comprehensive selection of tobacco products, including cigarettes, cigars, and loose tobacco. Additionally, it stocks various smoking accessories such as lighters, pipes, and rolling papers. The gift and novelty section includes unique items that make for great presents or personal indulgences.
4. **Steady Income:** With consistent revenues generated over the years, the business is financially stable. Two regular wholesale customers contribute approximately 20% of the business turnover, providing an additional layer of income security.
5. **Efficient Operations:** The business is run smoothly with a team of three dedicated staff members, including the owner. This efficient setup ensures that operations are streamlined, and customer service remains top-notch.
While the business is already successful, there are numerous avenues for growth. Expanding the product range, particularly in the gift and novelty section, could attract even more customers. Leveraging social media and online marketing could increase brand visibility and drive additional foot traffic to the store. Introducing a loyalty program could further boost customer retention and repeat business. Additionally, capitalising on the store's strong Google rating by encouraging more online reviews could enhance credibility and attract new customers.
The lease terms for the store in the Shopping Village are favourable.
Property Code: 413
