Unique Gift & Homewares Shop In The Dandenongs For Sale

Business description

This unique homewares and gift shop has been successfully trading in its current location for over 30 years.
Offering an extensive range of unique products, including bedspreads, throw rugs, rag dolls, clothing, homewares and gifts, this double-wide shop strategically located in a tourist town in the Dandenong Ranges.is a must see destination for visitors to this area.
With various display rooms, it is a rare occurrence when a customer is unable to find something special to purchase.

Prominently located on a busy tourist route with exceptional visibility, this quaint gift shop attracts customers from around the world. Bus loads of visitors arriving by air and sea are shuttled to this picturesque mountain “village” tucked away in the Dandenong Ranges just a half hour east of Melbourne’s outer eastern suburbs.

The excellent cash flow generated by this business has supported the current owner and her family for over 25 years. For personal reasons, the business is now being offered for sale.

Rarely does such a unique business opportunity present itself. Included in the asking price is the goodwill of the business built up over 30 years, all plant and equipment required to run this business including such items as shelving, display lighting, display cabinets, fax machine and cash register. An excellent lease is also available.

This acquisition opportunity would ideally suit an individual, couple or two partners seeking a well established business that can provide an excellent cash flow and that also offers a richly rewarding lifestyle. No previous knowledge of the industry is required as the vendor will provide any required training.


Operations:

The business trades weekdays from 11am to 5pm. On Saturdays and Sundays the hours of operation are 10am - 6pm. In the winter, the shop closes at 5pm.
Weekend trade is generally heavier than weekdays.

The owner is assisted by one part time staff member. The shop is generally staffed with 1 person and as all items are “stickered” with a bar code and price, the sales process is very straightforward.

The software used is MYOB Retail Manager with inventory control using a bar code system.


Products :

Items sold in the shop include lace wares, bedspreads, throw rugs, rag dolls, clothing, homewares, gifts, and stationary items. With various display rooms, it is a rare occurrence when a customer is unable to find something special to purchase.

Current stock levels are approximately $130,000. Stock control is currently managed via MYOB inventory using bar code scanning.


Suppliers:

Although numerous suppliers are used on occasion, the shop deals principally with approximately 15 suppliers on a regular basis. Accounts are generally on a 30 day payment basis.
Premises:


The premises comprise two shops in a prominent location. Three years remain in the existing lease and a four year option is available. The current rent is $1,848/m with annual increases of 3%.


Equipment / Fittings:

All plant and equipment required to run this business including such items as shelving, display lighting, display cabinets, POS software and cash register are included in the asking price.

Management / Staff:

The shop is run by its owner who is assisted by a part time staff member.

The vendor is happy to provide any required training for the new owners during a transition period.

Property information

Real Estate:

Lease

Lease terms:

3 years + 4 year option

Leasehold rent:

$22,200 per annum

Other information

Support & training:

All required training will be provided.

Reasons for selling:

Owner retiring after 30 years

Trading hours:

11AM - 5PM

Inventory / Stock value:

$130,000