Its n Bits - discount variety & homewares, O'Halloran Hill

$215,000 + SAV ($200,000 approx.)

Web ID: R2288

Business Description

Originally operating as a Browse n Save (national chain) store, in Easter 2012, the business was expanded and transformed.  The store took a new direction venturing into the homeware market & lifting the average dollar sale substantially. The business also has strong party range and helium balloons as well as strong seasonal sales from Valentine’s Day, Australia Day, Mother’s Day, Easter, Father’s Day & Christmas.

At a glance:

  • Exciting discount variety/homeware business
  • Prominent location in southern shopping centre
  • Large premises of 450sqm approx.
  • Profitable business running mainly under management
  • Vendor works around 25-30 hours per week
  • Easy to run and ideally suited to a hands on operator
Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $215,000
Stock at valuation (approx) $200,000
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$415,000


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Staff Summary

One vendor working 25-30 hours per week plus three casual staff

Lease Summary

Current Rent $59,428.44 per annum + GST
Lease Term 5 years
Lease Commencement 1st May 2017
Right of Renewal 1 x 5 years
Outgoings Electricity paid by tenant. All other outgoings included in the rent
Current Rent
Current Rent

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