Retail And Wholesaler - Profits Above $900k And Growing

Sydney, NSW

Retail / Clothing/Accessories Services / Management Rights Rural / Shearing
Above $2m
Listing ID1535163

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Summary
With 6 retail stores across Sydney, Melbourne and Brisbane this innovative wholesale and retail business proves to offer an enormous potential with annual revenue of $4m and growing with 2017 on target for another record year.

Revenue:
$4,500,000 pa
Net Profit:
$800,000 pa

Location Details
Head office located in Mascot Sydney + 6 Retail Stores across Sydney, Melbourne and Brisbane.

Potential
This business proves to offer the new buyer an opportunity to expand the retail store network - nationally and internationally as well as expand the wholesale business and implement focused online marketing and SEO for online sales. Owners willing to sell outright or remain in creative roles and partner with an experience retailer looking for expansion.

Skills
Business can be run under Management with 6 Month training offered OR founders will retain equity of 30% with a suitably experienced retail partner.

Employees
6 Full Time Employees (Including 2 Founders) + 22 Casual Staff

History
Established in 2008 the business has grown organically over the past 8 years and changed significantly since establishing adapting to customer trends and styles. What began as a hobby business has eventuated in a strong brand and business with a highly developed customer base and highly profitable. Operating 6 stores across Australia has seen the business grow strategic partnerships with suppliers over a long term period. The business also provides wholesale products to other stores across Australia.

About the Business
Established 8 years ago this wholesale and retail business has proven to bring a great deal of success to its founders offering a unique and exciting product with retail stores across Sydney, Melbourne and Brisbane in addition to a head office in Mascot Sydney.

Offering art-infused apparel, homewares and everyday product this business has developed a well established brand identity

Quick Facts About the Business:

- The Business began as a market stall 8 years ago
- The product range includes art-infused apparel, accessories, homewares and stationery
- The wholesale side of the business supplies a number of stores with the branded product
- The majority of the floor staff are talented creatives who have played a role in designing the product
- Wide Customer Base including: tourists, locals, art lovers, professionals, from old to young

Disclaimer: Due to the confidential nature of the sale, images used are stock images are not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.