Description

Retail high end kitchenware, food & homewares store. This extremely well established store has been a Lower North Shore icon for over 50 years. The current owner has had the business for 42 years and has evolved from being a kitchen & homewares retailer to also include a cooking school as well as up market food, hamper & gift retailer. A recent new shop fit-out costing $186,000 was a complete upgrade in 2022.

Potential

Huge potential to expand this concept to a multistore operation or even develop a franchising system. - Could also do more social media marketing so as to grow the online business. Could reopen the Cooking School which closed during Covid.

Features

Great reputation. - Well established store has been a local icon in the Lower North Shore since 1970. - Very knowledgable and loyal staff. - Very loyal customer base. - New fitout.

Premises

This shop has an area of 125 sq. mts. and has been totally renovated during 2022 with all new shop fittings and a great street frontage.

Location

Well located in the best strip shopping area in the Lower North Shore.

Trading Hours

7 days - Monday to Friday: 9.00 am to 5.30 pm. Saturday: 9.00 am to 5.00 pm. Sunday: 10.00 am to 4.00 pm.

Lease

3 year + 3 year lease commenced June 2023. - Annual CPI Increases - Bank guarantee required

Employees

2 owners + 1 full timer + 1 permanent part timer + 1 casual

Comments

The figures being shown are the average weekly revenue over the last 2 yrs (2023 + 2024). The average annual revenue being $2,033,405 and an average owner's profit or EBITDA of $207,536. Please note that the wages figure does not include the owners wages.

SBX ID

G1803