Fabric Store Retail & Online Business - 5747
Fabric Store Retail & Online Business - 5747
Industry :
RetailSub Industry :
Clothing/AccessoriesRecognised as one of the largest Fabric & accessories stores in Australia, with their large retail shop located in SEQ , along with a strong online presence and over 10,000 line items in stock.
With the Seller who works on the business these days, she is looking to retire and hand over this excellent fully managed business to the new buyer, this business which has been trading for some 12 years certainly is recognised as the best in field.
With consistent sales turnover of approx. $700,000 year on year for last 3 years.
The spacious retail shop, is ideally located with ample parking and trades 6 days a week.
With a classroom environment also within the retail space, allowing for weekly/monthly workshops and education classes.
A fully managed business with a wonderful team of staff who absolutely love coming to work each day, welcoming of staying on within the business.
Lease till Dec 2025 with 2 year option.
With an extensive selection of fabric, books, haberdashery etc within the business, the Seller has offered to stay on for a period to hand over her business seamlessly.
Asking price: $360,000 WIWO
To find out more information about this business, please complete the confidentiality agreement quoting reference number: #5747RE.
Please note that we use stock photos to protect the owners' confidentiality. The images shown do not necessarily represent the business for sale.
Broker: Mark Kitson | E: mark@AbsBusinessSales.com.au | P: 0405 293 644
Head Office | P: 07 3368 4010| E: reception@AbsBusinessSales.com.au
ABS Business Sales has a large number of Queensland business listings, located throughout Brisbane, the Gold Coast, Sunshine Coast and Queensland. Whatever your budget or needs, ABS Business Sales will find the right business for you.
The ABS Business Sales team brings with it a wealth of experience and practical, first-hand knowledge in business sales, business mergers & acquisitions, over a diverse range of industry sectors.
Whether you are considering an exit strategy by selling your business or you are looking to purchase one, be assured that our energetic team can guide you through the long and complex process ahead. We will assist with your preliminary research, help you identify and evaluate your business options, and of course bring our vast experience of previous business sales to the negotiation table.
Our efforts are directed towards making the task easier for you to achieve a satisfactory outcome, with a minimum of fuss, whilst maintaining complete confidentiality in all of our dealings on your behalf.
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$360,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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