Daily Grind Skate Co., Glenelg

$260,000 + SAV ($110,000 approx.)

Web ID: R6845

Business Description

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

These guys are well known for selling the coolest skateboards, associated spare parts and accessories, the hottest clothing brands and ranges, as well as the largest range of foot wear options around. Step one foot inside the business and you can see the culture and atmosphere that goes with owning and running a business like this! They offer not only an extensive retail shopping experience; but it is also their instore service that keeps the customers coming back time and time again. Located in the middle of Jetty Road, Glenelg, this business is currently attracting $10,000 per week in sales, the current owner is working around 15 hours per week, allowing flexibility to either keep it the same or change it up a bit.

This is a rare opportunity for somebody that is passionate about skateboarding to get paid work in an industry that they absolutely love - a 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
  • Currently run predominantly under management

Simon Winter 0419 828 689



Extended Price Information

Goodwill $245,000
Plant & Equipment (approx written down value) $15,000
Stock at valuation (approx) $110,000
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$370,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment Return to Investor Return on Investment
2015/2016 $528,121 $99,141 26.80% $74,898 20.24%
2016/2017 $558,771 $152,799 41.30% $128,556 34.74%
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The return to owner is to an owner working 15 hours per week

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