Price
$1,395,000
Profit *
Refer to Broker
Sales Revenue
$2,634,400
Location
Melbourne Region, Melbourne
Category
Retail, Newsagency
Listing #
ME03078
Without a doubt one of the most spectacular retail opportunities in the market right now! A well-established business that is highly regarded within the community, drawing customers from nearby affluent suburbs and throughout Melbourne and beyond.
*Taking $50K+ PW
*Profit (EBPITDA) Over $600k PA (last 4years average)
*13-years current ownership
*6-day operation! No late nights
*25 Years Lease
*280 sqm premises
*P&E worth $300K
*Strategic location
*Ample parking available
*Situated in an upmarket Inner Eastern suburb of Melbourne
*Simply the best
Through the years, it has transformed from a traditional business model into a unique concept store.
Offering something for everyone; Considered curated gifts, an exceptional range of greeting cards with international exclusive brands, wrap and ribbon, educational toys including big brands such as Lego. An extensive range of games, a baby department, books, stationery and high-end paper products, Tattslotto and Ticketek.
The business has nurtured and developed long standing relationships with well-established international and Australian brands and has "area exclusivity”, locking in brands.
Featuring an exciting architectural design and vibrant atmosphere, this 280sqm Store is in a bustling shopping precinct. Its prime location offers unparalleled visibility with triple street frontage and easy access to a large car park, flanked by two busy supermarkets. Stunning setup with newly completed, high-end fit-outs.
The current vendor's decade of hard work and dedication has laid a solid foundation for continued success. With its exceptional sales and profitability, lack of competition and straightforward processes, it is a rare, low-risk investment that has the potential to grow further. Being a successful and proven concept, the business offers a huge potential to expand into a Franchise Model.
Take advantage of this exciting opportunity! Get in touch today to learn more about this business.
Listing ID: ME03078
Broker: Sanjay Agrawal
Phone: 0402 023 502
Email: [email protected]
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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