Menswear retailer

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Business Description

  • Located 15 minutes north of the city in a major shopping centre
  • An icon in the industry selling all the name brands
  • Has been in the same family for almost 40 years
  • Turning over $750,000 per annum and returning the owner $200,000 per annum
  • Operating only 6 days per week this business has a history of remarkable stability
  • The business is perfect for a husband and wife

Simon Winter 0419 828 689


Extended Price Information

Goodwill including Plant & Equipment $100,000
Stock at valuation (approx) $140,000
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$240,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment
n/a $749,374 $177,473 73.95%
2013/2014 $781,243 $185,125 77.14%
2014/2015 $778,561 $203,681 84.87%
2015/2016 $731,002

Staff Summary

One vendor, one part time and one casual staff member

Lease Summary

Current Rent $5,000 per month + GST
Lease Term 2 years
Lease Commencement 1st December 2015
Lease Expiration 30th November 2017
Right of Renewal None
Outgoings Paid by tenant
Adjustments 4% per annum

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