Iconic Unique Gifts And Alternative Products Retail / Online Business - $1.7m T/O

Sydney, NSW

Retail / Clothing/Accessories, Homeware/Hardware Import/Export/Whole / Wholesale
$595,000 + Sav
Listing ID1723552

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A rare opportunity to acquire an iconic, well established retail/ online business specializing in unique gifts and alternative products. Known by locals and tourists as a must-see destination.

Location Details:
Ideally located in Springwood, Blue Mountains for the past 26 years. Located on the main road, highly visible and directly across from the Springwood Railway Station. Recommended by the local Tourism Information Centre.

Potential:
Enormous opportunity to grow online sales, currently accounting for only 3-5% of revenue. Products are sourced from both local and overseas suppliers, focusing on Sustainable Fair Trade. With a supply chain extending to communities in Bali, Thailand, Vietnam, Nepal, and India, the business has an opportunity within the wholesale markets.

There is also potential to be operated under management.


Hours:
Trading 7 days per week. Monday Saturday 9:00am-5.30pm and Sunday 9:30am-4:00pm

Lease:
Current rent is approximately $182,000 plus GST and outgoings

Employees:
The business is currently operated by the owner as Store Manager and 8 x Retail Assistants.

History:
Established in 1991 and purchasing the business in 2004 the current owner is looking to retire.


About the Business:

With healthy revenue and profit, the business provides the current owner with a good income. After 26 years the business enjoys a strong regular customer base and turnover, with continuing tourism growth the opportunity for sustained revenue and continual growth remain.

The pedestrian crossing from the train station leads straight to the front door. With its unique offerings the business is seen as a must-see tourist destination and retail experience.

Product range includes jewelry, candles, clothing, crystals, books, and giftware. Including iconic brands such as Doc Martens and Birkenstocks.


A truly unique one-of-a-kind business providing fantastic income and a lifestyle to match in the beautiful Blue Mountains NSW.

For more information, please contact the undersigned:

Chris King
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0403 536 246 T: 1800 858 696 E: chris.king@raywhite.com

For more details complete the contact us form on this page or go to www.rwbs.com.au and complete our online confidentiality agreement. Use the reference ID 1723552 to search for the business.

Disclaimer:
Due to the confidential nature of the sale, images used are stock images and 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.