Profitable Gift Shop Netting >$100k Part Time Working Owner
Profitable Gift Shop Netting >$100k Part Time Working Owner
Industry :
RetailSub Industry :
Clothing/AccessoriesDiscover a fantastic opportunity in the heart of Launceston CBD at What's New Launceston.
With just 25 hours per week, you can earn excellent profits as an owner-operator. Specializing in a diverse range of gifts, AFL merchandise, collectables & name and age gifts, this exclusive business has been transformed by its current owner of over 5 years.
Located in Brisbane St Mall, the service counter strategically offers a 360-degree view near the entrance, and ample storage is included in the lease.
Extensive plant and equipment, including a branded car valued at approximately $20k, are part of the sale.
Huge potential to increase the business by setting up an online store.
Net weekly sales exceeding $8,000.
Operational flexibility allows for single-person management during off-peak hours and additional staffing during peak times.
New 5+5 year lease will be available for the incoming owner.
If you are a couple or anyone looking to get into novelties and gifts retail then this is an outstanding business.
There is limited to no competition for the range offered by What's New in Launceston.
Established supplier network available, introductions will be made once the sales contract is unconditional.
On offer is work-life balance, trading weekdays eight hours and fewer hours on weekend.
Peak season trading hours change as there is more money to be made.
Look no further, fill out a confidentiality agreement and arrange an inspection to seize this outstanding opportunity.
Contact Praveen Pant on 0432 256 682 or Paul Scott on 0477 771 098 or email pauls@businessbrokersnetwork.com.au INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
Please Note: All figures quoted are approximate.
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$120,000 +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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