Under Management Variety & Homewares Retail Business - Selling For Stock & Asset Value

The Entrance, NSW

Retail / Homeware/Hardware, Clothing/Accessories Home/Garden / Home Based
$375,000 - Offers Welcome
Listing ID1636786

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This busy variety & homewares retail store has traded for over 17 years & turns over an average of $16k pw. Asking price is equal to the value of the stock & fixtures & fittings, no goodwill.

Location Details
The business is located on a very busy shopping strip, with lots of passing traffic.

Hours
7 days a week 9:00 am to 5:00 pm
Longer opening hours during December and January

Employees
1x Full Time
8x Casual

Lease
1 year remaining plus a 6-year option.

About the Business

Key facts about the opportunity:

- Sale price is equal to the value of the stock and fixture and fittings - no goodwill!
- Great location, in a very busy part of the Central Coast.
- The business has been established for over 17 years and has a loyal customer base, as well as tourist visitors, who increase the local population during the holiday periods to ensure a high footfall at the store at all times of the year.
- Currently run fully under management - continue to run under management or ideally take a hands-on role and grow the business.

The business is well-known and perfectly positioned with a long trading history and loyal customer base. Currently selling a large variety of goods, the store is recognised for supplying reasonably priced, on-trend homewares and gift lines along with the traditional variety store lines.

The current owners are keen to see it sell to the right owner. They are looking for a sale price equivalent to the value of the stock, fixtures and fittings; there is no goodwill in the purchase price. Thus representing an excellent opportunity for any buyer.

For more information on this opportunity, please contact the undersigned:

Brent McDonald
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0413 158 638 T: 1800 858 696 E: brent.mcdonald@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 1636786 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, owner's salaries, director's benefits, personal expenses, non-recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.