Northern Victoria Region Iconic Sports Store For Sale

Business description

One of THE BEST per capita Sports Stores in the Industry is offered for sale under an expression of Interest.

This long established business which supports its local community and provides a full complement of sports footwear, apparel and equipment to the local sports clubs and associations.

Magnificently presented business, in large premises, with no direct opposition in town is located in the prime retail precinct of the progressive regional town, that loves sport.

A long time member of a branded retail group, that offers its members very strong buying power, and marketing support that has enabled this business to become a market leader in the region.

Boasting a turnover consistently above the 1.0 million mark with occupancy costs under 5% and staff employment costs under 6% you will appreciate the excellent ROI.

This opportunity would ideally suit a partnership, family business or someone looking for a tree change from the hustle and bustle of city life to an idyllic and very supportive country town.

Full Disclosure and an Information Memorandum will be provided at the appropriate juncture once your enquiry lodged and your funding ability can be determined and the Confidentiality Agreement completed.

In the first instance please click on the Contact Seller button below.

Property information

Real Estate:

Lease

Lease terms:

18 Months plus 3 year option.

Leasehold rent:

$38,400 plus GST per annum

Leasehold rent:

$8 per sq ft per annum

Location:

Northern Victoria

Premises details:

Retail premsies of 480M2 located in heart of retail precinct, adjacent to central pedestrian crossing in main street. Next to Chemist with News Agency close by. Services at rear entrance to the shop by Woolworths Supermarket providing free car parking.

Shop has heating and cooling ( which is owned by the vendor ).

Size in square feet:

5,000

Business Operation

Competition / Market:

No direct competition in town

Trading hours:

Monday to Friday 8.00am to 6.00pm
Saturday 8.30am to 12.30pm
Sunday and Public Holidays Closed

Employees:

2 Full Time plus Vendor plus casual

Years established:

19 years with current Vendor ( 50 + years in total )

Other information

Support & training:

4 weeks transition plus at call.

Furniture / Fixtures value:

$360,000 (included in the asking price)

Inventory / Stock value:

$350,000 (included in the asking price)