Retail – Menswear

For Sale

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Southern Highlands

Business Code: CB1489

$275,000
Key Features: Very strong local support - Long established - Product range covers all age groups - Only independent menswear establishment in Southern Highlands. - Price includes stock.
State: NSW
Suburb: Moss Vale
Location: Prime frontage to main street in busy, high growth long established town in Southern Highlands.
Premises: Attractive and welcoming store, recently fully refurbished and modernised, with excellent display and sales facilities and dedicated area for school wear.
Price not disclosed

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Pursue other business interests.

Sale Reason

1895

Established

On street marked parking with owner dedicated spot at rear.

Parking

1 owner + 1 casual.

Employees

5.5 days - Monday to Friday: 9.00 am to 4.30 pm. Saturday: 9.30 am to 12.30 pm.

Trading Hours

Current lease commenced August 2023 + 3 + 3 years - Increases 5% - Bond 3 months.

Lease

Retail menswear business, located in a thriving high growth town in the Southern Highlands, and established in 1895 . As the only independent menswear business in the Southern Highlands, it offers a diverse range of services including in-house fine tailored suits and shirts, accessories and high quality clothing from many of the world’s leading menswear brands such as RM Williams, Cambridge Clothing, Levi’s Jeans, Lee Riders, Daniel Hecher and Ansett Knitwear. Also caters to a strong demand for suit hire, with a busy alteration and embroidery badge service available. The business is a member of the buying group Associated Retailers Limited (ARL), with its attendant benefits. The store maintains a strong turnover of stock with a constant flow of new customers availing themselves of the excellent service and well-priced items offered.

Features

Very strong local support - Long established - Product range covers all age groups - Only independent menswear establishment in Southern Highlands. - Price includes stock.

Potential

Ideal family business - Target social media. - Examine extra trading opportunities as business currently not trading Feb/Mar each year due to family commitments.

Comments

Misc.- 1 Advertising ($55) ARL Fee ($60) Computer expenses ($50) Credit card charges ($80) - Misc.- 2- Dry cleaning ($180) Alterations ($455) Sundries ($210) - Member ARL ( Associated Retailers Limited), a buying group. - Price includes stock valued in excess of $100,000.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$12155
Cost of Goods
$4325
Gross Profit
$7830
Rent
$1060
Wages
$550
Telephone
$100
Insurance
$85
Electricity
$45
Misc 1
$245
Misc 2
$845
Total Expenses
$2930
Equipment
(Included)
$50000
Net Profit
$4900
Price
$275,000
Price
$275,000
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