Card And Gift Store In Canberra For Sale

Business description

"Looking to play a new hand?

Located in the vibrant Tuggeranong Hyperdome, this profitable card and gifts store will leave you seeing diamonds and acing the competition.

Run under management, the current owner invests only two and a half hours per week to earn a respectable full-time wage. The only thing the owner has to do is complete wages and payments. There are six staff members on the books who do the rest.

The business has a well established reputation and has been trading successfully for more than fifteen years. 700 regular customers patronise the store. Plus, the lease has five years to run which means you’ll have the freedom to build and plan the future.

Advertising is undertaken by the Hyperdome. Currently the business also advertises in The Chronicle and is promoted by one of their major suppliers. There’s plenty of potential to expand on the marketing front by developing an online presence with a website and via social media sites.

The current owner is prepared to offer vendor finance.

Financials:

• Turnover of $558 480 for 2010
• Gross profit of 54.94%
• Owner’s profit (PEBITA) over $63 000 for 2.5 hours/week!
• 105 square metres for approx. $7000/month

Asking $50,000 plus SAV
Stock is $40,000

If you are interested in this business, please use the ‘enquire’ form on this webpage.

Property information

Location:

Canberra