Discount variety store by the sea

$75,000 + SAV ($35,000 approx.)

Web ID: R3897

Business Description

This seaside store has been owned by the current vendors since May 2005 (12 years). It is essentially a discount store offering kids toys, stationary, clothing, partyware, and other knick knacks. The business is easy to run & generally only requires one person to run the shop. Ideally suited to a couple.

 

At a glance:
  • Spacious premises and great location
  • Owned by current owners for 12 years
  • Consistent sales over many years
  • Easy business to run - ideally suited to a couple

 

 

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $75,000
Stock at valuation (approx) $35,000
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$110,000


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The return to owner is a net return to 1.5 working owners after all expenses and wages but excluding the vendors’ wage.

Staff Summary

No staff are employed. The business is easy to run & generally only requires one person to run the shop. Ideally suited to a couple.

Lease Summary

Current Rent $6,527.56 per month incl. GST
Lease Term 3 years
Lease Commencement 1st May 2015
Right of Renewal 1 x 3 years
Outgoings Paid by tenant
Adjustments CPI annually
Current Rent

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Plant & Equipment

Original Cost of Plant $50,167
Written Down Value of Plant (approx.) $9,277
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