All serious offers considered – New long lease with no increases for 3 years, busy corner location in affluent Sydney Suburb near Neutral Bay. First time on the market! A local retail shop specialising in kitchenware, homeware and giftware – Priced at $85,000 + SAV (Seasonal)
– Weekly average takings approx. $10K inc. GST per/week – Can reach 40k per week over Christmas
– Easy to run business and no special skills required – very well established
– Rent $2,703 p.w. ex GST – Nil increases for 3 years and then 3% – 3-month bond
– Open 7 days
– Suit other retail or even introduce a cafe section (STA)
– Long new lease July 2022- July 2025 + 5-year option (Expires July 2030)
– Lifestyle business, beautiful presentation, first to see this niche business will love it.
– Excellent corner location in an affluent area with good foot traffic
– Opportunities for further growth with a new owner or couple
Established in 1982, and with the present owner since 2002. Quality products and an extensive range. Easy to run retail business in an affluent North Shore location.
Listing ID: NSW10698
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Keywords: Kitchenware, Homeware, Retail, Near Neutral Bay in Lower North shore Sydney, Long Lease
*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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