Bookstore For Sale

Business description

Independent chain of bookshops operating in 2 major shopping malls in Sydney.
These 2 stores were originally acquired in 2005 from Collins Booksellers. They were the top rated and most profitable stores in the Collins Group of stores during the 3 year period leading up to their sale to in 2005. Tghe stores can be sold independently or both together.

Property information

Real Estate:

Lease

Lease terms:

New 5 year leases recently signed.

Location:

The store at the Shopping Centre in Southern suburbs, is in the main centre. The centre boasts 379 shops, around 13.8 million visits per annum, with an average transaction value of $ 48 per visit and annual retail turnover of $ 671.9 million.
The store has a floor space of 176 sm. This book store has traded from this site now for in excess of 15 years and is an institution in the area. The average turnover psm is $ 21,169, ranking the store amongst the highest of any bookstore in the Southern Hemisphere. This store has historically been a general bookseller, featuring a comprehensive selection of new releases and a broad selection of general backlist titles.
The have spent in excess of $250,000 on a brilliant new fit-out designed less than 2 years ago, thus any incoming business owner will not have to spend any significant sums of capital expenditure for near 10 years (2 further lease terms).

The store in the Western suburbs is in a mojor Shopping Centre which has around 19.6 million visits per annum, with an average transaction value of $ 38 per visit and an annual retail turnover of $ 664.8 million. This store has a floor space of 220 square meters and has been in a similar location for 10 years, and was also previously owned by Collins Booksellers.
They have spent in excess of $225,000 on a brilliant new fit-out less than 18 months ago, thus any incoming business owner will not have to spend any significant sums of capital expenditure for near 10 years (2 further lease terms).

Other information

Expansion potential:

Both store are run under management and thus an owner/operator should be able to extract better trading.

Competition / Market:

There is not much competition for these book stores in either of the 2 shopping centres.

Support & training:

Will be provided by the Vendor

Reasons for selling:

To concentrate on substantial other business interests not related to the book industry.

Trading hours:

9 am to 5 pm

Financing available:

Possibly

Furniture / Fixtures value:

$500,000

Inventory / Stock value:

$500,000