Super Low 

Description

General Description
Retail variety store selling popular and low-cost items such as hardware, kitchenware, baby products, cup holders, confectionery, picture frames, pet goods, toys, gifts, clothing, stationery, household necessities etc. – Goods are mostly from China, Korea, Japan etc. – Large retail space with high-tech POS software and multi-camera retail surveillance system. – Stock is procured from wholesalers with 30-45 days credit terms or can be imported directly overseas.

Potential
Would suit owner operator to improve turnover – Having more selection of inventory will boost turnover – Use websites, social media, review sites for marketing and promotion – Sell products online.

Features
Excellent location – Limited competitors nearby – Under management

Premises
Large premises with an area of 1100 sq.mts consisting of 2 storeys. – Lower floor is retail and upper floor is storage space and office.

Location
Situated on a busy street in the shopping and commercial hub of South Western suburb.

Suburb
Campbelltown (Hidden)

Trading Hours
7 days – Mon. – Fri. – 9:00 a.m.- 5:30 p.m. – Sat. – 9:00 a.m.- 5:00 p.m. – Sun.- 10:00 a.m.- 4:30 p.m.

Lease
Current lease expires 28th Feb.2019. – 4% annual increases. – 3 months bond. – New lease to suit buyers subject to landlord approval.

Sale Reason
Other business interests

Employees
1 Manager (fulltime) + 2 casuals

Comments
Misc. – 1 – refers eftpos merchant fees. – Payment methods are approx. 40% eftpos and 60% cash. – The vendor is willing to sell the business with or without stock. – Motivated vendor wants to sell a.s.a.p.-Profits are based on one-owner operator working full-time. – Wages are $1,800 if under management with Manager’s wage of $1,000 p.w. – Turnover for 2016-2017 financial year is approx.$650K (or $12,500 per week)