Longstanding Maternity and Baby Store
Maternity and baby store ready for a new beginning!
Industry :
--Sub Industry :
Key Strengths:
Huge growth potentialEstablished customer baseRich operating historyLongstanding maternity and baby store operating for more than 30 years; gross profit at $162,000 (FY23-FY24).
On offer is a trusted maternity and baby store renowned for offering high-quality, branded products such as maternity and nursing wear, baby essentials, baby clothing, maternity and breastfeeding accessories, gifts and toys. It has cultivated a deep connection with the local community, resulting in a loyal, multi-generation customer base. Its strategic location, diversified revenue streams and longstanding history present ample opportunity for further growth, making it a suited business for a motivated owner seeking growth in a niche retail sector.
- Gross Profit at $162,000 (FY23-FY24)
- Corner location; high foot traffic
- Nearly 30-year operation
- In-store and online sales
- Lean team
Ashley Brimacombe and the team at ROIC Business Group present motivated purchasers with the opportunity to acquire a well-established maternity and baby store in Geelong.
Acquired by its current owner in 2017, the business targets new and expectant mothers, delivering comfort, quality and style to meet the diverse needs of families in early parenthood. It has built a loyal following owing to its strong community ties, enabling it to attract repeat business from multiple generations of customers.
The business is located on a prominent corner in Geelong’s CBD, leveraging excellent visibility to high pedestrian and motor traffic from two nearby hospitals. It benefits from substantial daily exposure to healthcare workers, new and expectant mothers and families.
The business is simple to operate, requiring minimal involvement from the current owner, who is only responsible for general oversight and management of the e-commerce store– both could be undertaken remotely. In-store operations are adequately managed by one part-time and two casual staff, and systems are in place to ensure streamlined operations.
Victoria
Australia
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$95,000 + SAV
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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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