The owner is highly motivated and requires an urgent sale.

The price is highly negotiable.

Don’t delay, make an offer now.

FINANCIAL DETAILS

Sales Revenue: (approx)
$515,000 (excluding GST)
(2007/08 financial year)

Gross Profit:
$188,974 (2007/08 financial year)

Stock at Value:
Approximately $160,000

GENERAL DETAILS

Years established:
In excess of 50 years
Current owner 4 years

Employees:
2 full-time employees

Trading hours:
9:00am – 5:00pm Mon to Wed
9:00am – 6:00pm Thurs to Fri
9:00am – 4:00pm Sat

Property:
Type: Retail space with office and storage area on a mezzanine level.
Area: Approximately 280sqm

Terms of lease:
Currently month to month arrangement
Rent: $37,000 per annum plus GST

OPERATIONAL
The business is open 6 days per week and currently operates with the equivalent of two full-time employees. The business utilises an electronic point of sale system and has a comprehensive range of fishing products to satisfy all anglers. The business is a well known brand name in the fishing industry.

BUSINESS ASSETS
The available business assets include the stock, computer system, point of sale system, office furniture and equipment and the business name.

OPPORTUNITY
The sale of the business represents a rare opportunity to acquire an iconic retail business with over 50 years of history. With a highly recognised brand name in the fishing industry, there are no limits to the growth potential of the business. Ideal for an existing fishing industry retailer seeking to make a strategic acquisition or a motivated, pro-active person ready to operate and build their own business. The vendor is highly motivated and will consider all reasonable offers.