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Luxury Designer Retail Store Sydney, 220k+ Profit P/AProperty ID 1545186Summary
Located within an exclusive enclave of Sydney, this luxury designer online and retail store proves to offer a unique opportunity to continue to grow a profitable business.
Located within the exclusive Eastern Suburbs Sydney, this business is within walking distance of 5 Star Hotel's, Fine Dinning Restaurants and high-net worth residential enclaves.
This business proves to offer the new owner enormous potential to expand the current business both online - through digital and social media marketing as well grow the retail business into additional stores.
No Skills required as the business is under management. Retail knowledge is beneficial but not essential as the current owner is offering training to the new owner.
Current Owner working 10 Hours a week.
Current Lease expires in May 2017 (New lease can be negotiated)
Current Rent: $1,354 Per Week
Retail Store: 1 Full Time Store Manager + 3 Part Time Sales Staff
Online Store: 2 Part Time Staff who manage online sales, website and social media
Reason for Sale
Owner spent 6 Years building the business thus looking for a change and to focus on Family.
About the Business
This business is a high-end fashion boutique within the Easter Suburbs, Sydney, that was established in 2010.
While the business began in the owner's home, it quickly grew and moved into a pop-up shop in the Eastern Suburbs before its success necessitated a permanent shop-front, which is the business's current location, across from an international 5-Star Hotel.
The boutique specialises in stocking internationally-renowned Australian Designers with independent stockist.
The business prides itself on its first-rate customer focus in-store, with a cohesive team of staff that work hard to provide a warm, welcoming and thoroughly attentive service, without any sales pressure.
In addition, the business has a successful online store with a comprehensive collection of clothing, shoes, bags and accessories which is proving to be profitable and growing.
In short, this is a well-established business that has shown excellent year-on-year growth, in a prime upmarket location.
Disclaimer: Due to the confidential nature of the sale, images used are stock images are not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.