Homewares Retail Store + Travel + Lifestyle Southern Highlands, NSW
This is tree-changers dream business. A much loved and popular store, located in the main street of Bowral, in the centre of the beautiful Southern Highlands of NSW, selling beautiful homewares and gifts sourced directly from artisans in Indonesia, Vietnam and India.
The highlights of this business include:
A consistent solid financial performance, providing an excellent return for the owner. Full financials will be made available to genuinely interested parties.
A very loyal and appreciative clientele as evidenced by a 5/5 review rating by every reviewer on Facebook.
In a fantastic location, situated centrally in the main street of Bowral, in the heart of the very popular Southern Highlands of NSW and strategically situated between Sydney and Canberra.
Known for its business ethics in selling Fair Trade products and sourcing directly from artisans.
Significant potential for organic growth of the business
First time for sale by the founding owner.
Popular with locals and visitors alike.
Reason for Selling
The owner would like to move a warmer climate.
A broad range of product are sold including:
furniture • soft furnishings • mats • ornaments • mirrors • lamps • wall hangings
incense • sculptures • mosaics • & much more
All the products are bought directly from artisans across Asia. The owner makes regular buying trips for this purpose, which of course is tax deductible.
The Business Premises
The business operates from large premises of some 200 sq metres* in the main street of Bowral. It has good exposure to the significant foot traffic in the vicinity and ample parking is provided nearby (Woolworths carpark). The premises feature a large loading dock which permits access to shipping containers and there is a very large storage area at the rear of the retail front.
A new lease will be provided to the approved buyer. The term of the new lease will be flexible and could be a 3 + 3 (3 years with a 3-year option) or a 5 + 5. The current rent is a very reasonable circa $911 per week ($47,400 pa), for 200 sq metres in a prime CBD location
Fixtures & Fittings
A full asset register will be supplied as part of the due diligence process.
1 Owner/General Manager Management and sales
2 Casual 3-4 days per week
3 Casual 3-4 days per week
Mon-Fri 9.30am - 5pm
Sat 9.30am - 4.30pm
Sun 10am - 4pm
This business has good potential for growth, leveraging the location and reputation of the business. Some potential channels include:
Expanding the retail footprint and moving the very large storage section to a cheaper off-site location
Improving the online service platform to reach out to new customers around Australia.
Leveraging the brand and reputation to create branded product for wholesale.
The potential for growth and/or diversification is significant and enhanced by the:
Location - in the centre of Bowral, the very heart of the beautiful Southern Highlands;
Setting - within the very Dirty Janes emporium, which is one of the main visitor attractions in Bowral;
Catchment area - with the very best demographic profile for this type of business,
Proximity - to Sydney, both by road and train.
All of the ingredients to really leverage the destination factor for this business.
The Tourism Factor
Tourism is big business in the Southern Highlands and that of course translates into customers for businesses such as this and moreover provides the platform to really leverage a destination for this business. Some important destination factors are provided by the following snapshot figures from 'Destination Southern Highlands'.
• 1.7 million people visited the Southern Highlands in 2016;
• Staying for a total of 1.2 million nights; and
• The top activity at 59%, was eating out at a restaurant or café.
Today Bowral is a decidedly up-market, some would say yuppified, tourist centre full of boutiques, gift shops, antique dealers, restaurants and cafes, bookshops and art galleries. It is possessed of a healthy climate and scenery reminiscent of rural England. Source: www.traveller.com.au
The Southern Highlands is rated as one of the most beautiful places to visit in Australia and has a great lifestyle with fantastic cafes, restaurants, vineyards, boutique shops, and things to do and see. Source: http://www.highlandshq.com.au/
A Growing Area & Tree-Change Destination
The Southern Highlands residential property market was running hot, according to Herron Todd White's December report. The property valuation firm says that strong price increases and quick selling periods have been evident across the entire region. The main driver is the trend of second and third home buyers and retirees relocating for a tree change from Sydney and for the affordability. (Source: Property Observer)
Bowral and the Southern Highlands is within the Wingecarribee Shire and the table below shows the steady growth in the local population which is expected to quicken in pace with the overflow from Sydney.
A very unique & special business, highlighted by:
A prime location
Centrally located in a catchment area of one of Australia's best demographic profiles for such a business
A business model that provides the foundation for an excellent ROI.
Potential for real growth.
This is an excellent opportunity to purchase a very unique business, which embraces a very agreeable lifestyle!