This well-established gift and homewares store offers a unique and attractive opportunity. The store is located in Forster on the Mid-North Coast of NSW, a town that attracts tourists for its stunning beaches and superb weather.
The store imports directly from Asia and also sources from other importers based in Australia. The current owner travels to source goods and deal directly with manufacturers from Asia which in turn means the store offers a range of products that are unique, not only to the region but also to Australia
The store has been operating successfully for many years with a turnover consistently above $420k. In addition to the current owner the store employs three staff who have been with the business for years.
Located in the serene town of Forster, this business offers the opportunity to live an envious lifestyle and run a successful and attractive business. It provides an opportunity to enter into this industry with the benefit of utilising the industry and supplier contacts the current owner has developed. There also exists the opportunity for expansion both online and through physical stores.
This is a standout opportunity for a successful business and envious coastal lifestyle. We strongly encourage interested parties to consider this opportunity closely.
Bluewater Gifts is the only business of its kind in the Forster region. Selling a mix of local and imported goods this store is an attraction for both tourists and locals alike. Unlike many traditional gift stores, Bluewater Gifts directly imports from overseas as well as utilising local suppliers. As a result, the product range on offer is quirky and unique, not only to the Forster region but also to Australia as a whole.
This is an exciting opportunity to run a successful business which comes with an envious lifestyle including potential regular international travel. The business has immense potential to grow further under the right direction by utilising an online marketspace in addition to the physical store.
The current owner has spent many years building relationships with suppliers from Australia and Asia. As part of the sale the owner will introduce the purchaser to these suppliers and provide details as to how best negotiate and do business with these suppliers. In summary, the new owner will be in a position to leverage off the business relationships developed by the current owner.
Customers and Market
Given Forster’s coastal location and tourist attractions the business relies on those who visit the area for holidays. Many tourists, from small children to mature adults, make a point of visiting Bluewater Gifts on their annual holiday to Forster. In addition, accommodation providers purchase from the store to decorate their accommodation offerings. Aside from the tourism-driven demand, the store is also popular for locals, namely those in their 20s with disposable income who purchase from the store for clothing, home decorations and gifts.
Performance, People and Location
Financial performance: Average turnover for the past six years has been in excess of $470k, with operating profit in excess of $100k. The business is on track to achieve similar results in FY16.
People: The business employs three casual workers in addition to the owner. These employees have all been involved with the business for many years and can manage the store in the owner’s absence.
Location: The business operates from a retail shop on the main street of Forster, on the Mid-North Coast of NSW. The location is rented with 12 months remaining on the lease with an option to extend a further five years. This lease is a component of the business for sale.
Point of Difference
This unique opportunity presents an opportunity run a successful and unique retail business in one of Australia’s most beautiful towns. The purchaser will enjoy the benefits of working for themselves and have the opportunity to regularly travel to Asia as part of their work. In combination this store offers business with solid performance history and a relaxing, coastal lifestyle.
Expression of InterestWe are seeking expressions of interests from interested parties by 31st August 2017. Interested parties should contact JPAbusiness for more information, including a detailed Information Memorandum relating to the business.
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Quick FactsPrint Brochure
- Six-year average turnover >$480k
- Six-year average operating profit >$105k
- Diverse customer base from regular locals to tourists who return year on year
- Provides the opportunity to travel internationally to source stock and meet with suppliers
- Located on a busy strip in Forster NSW, a town known for its tourism on the Mid North Coast.
Important Information for Prospective Purchasers:
All information in this document is of a general nature only and not exhaustive. Interested parties should conduct their own due diligence and feasibility assessments. The Vendor of the business described here, and advisors JPAbusiness Pty Ltd, are not liable for any loss or damages associated with reliance on this information or the Expressions of Interest process.
JPAbusiness Pty Ltd operating under Business Agents Licence No. 1710192 (NSW); Real Estate Agent Licence No. 3485836 (QLD); Estate Agent’s Licence No. 073491L (Vic). James Price AAPI Certified Practising Valuer (Business) Member No 83822.