Landmark Williamstown Sports Store For Sale

Business description

This landmark Sports Store has been operating in this location for over 30 years. With no direct competition in town and positioned in the absolute prime retail location in the Melbourne Bayside suburb of Williamstown.

A beautifully presented large shop catering to the close knit community and surrounding suburbs plus many local sporting clubs and government operations with all the major sports brands such as Asics, Nike, Adidas, Kookaburra, Gray Nicholls, Skins, Sherrin to name but a few.

High turnover, low overheads means a great return for an owner(s) or this would be an ideal family business, as it has been for the current vendors. This is truley a lifestyle business opportunity and one not to be overlooked!

VENDOR HAS REDUCED THE PRICE TO $250,000 plus STOCK to EFFECT A QUICK SALE

Property information

Real Estate:

Lease

Lease terms:

10 Years

Leasehold rent:

$55,000 per annum

Location:

Williamstown is located 10 minutes from Melbourne's CBD in the popular Port Phillip Bay hamlet.

Premises details:

Located in the prime Douglas Parade retail strip with a area of 200m2 shop

Size in square feet:

2,000

Business Operation

Competition / Market:

No direct competition in towm. Only competition is 10km away.

Reasons for selling:

The Vendor has other corporate business interests

Trading hours:

Normal retail hours

Employees:

2 full time plus casuals when required

Years established:

30 + years

Other information

Support & training:

4 Week handover

Furniture / Fixtures value:

$300,000

Inventory / Stock value:

$150,000