Daily Grind Skate Co., Glenelg

$185,000 + SAV ($110,000 approx.)

Web ID: R6845

Business Description

You might be thinking of the daily grind that you currently experience, but this is far from it!

These guys and girls are specialists in their field; they are well known for having the coolest skateboards, all the associated spare part and accessories, the hottest clothing brands as well as the largest range of footwear options around.Offering not only an extensive retail shopping experience, it is their in-store service that keeps the customer coming back time and time again, there is simply nothing about skateboards and skating these guys can’t help you with. Step foot inside the business and you can see the culture and atmosphere that goes hand in hand with owning and running a business like this! 

Located in the middle of Jetty Road, Glenelg, this business is currently attracting $10,000 per week in sales, which does not include online sales, and is achieving a gross profit of 50%. Currently this business is run almost entirely under management with the owner working around 15 hours per week, allowing the option for a new owner to keep it the same or change it up a bit. An owner operator working full time could expect to make around $200,000 per annum plus.

This is a rare opportunity for somebody that is passionate about skateboarding to get paid to work in an industry that they absolutely love - the chance to change what your current daily grind looks like!

At a glance:

  • Beach side location – Jetty Road
  • $10,000 per week turnover (not including internet sales)
  • 50% gross profit
  • Trading 7 days
  • Run predominantly under management - vendor only works 15 hours per week.

Simon Winter 0419 828 689



Extended Price Information

Goodwill $170,000
Plant & Equipment (approx written down value) $15,000
Stock at valuation (approx) $110,000
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$295,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment Return to Investor Return on Investment
2015/2016 $528,121 $99,141 33.61% $74,898 25.39%
2016/2017 $558,771 $152,799 51.79% $128,556 43.58%
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The return to owner is to an owner working 15 hours per week

Staff Summary

The business is run predominantly under management with the vendor working a maximum of 15 hours per week. There are two casual staff employed.

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