Iconic 22 Year Specialty Retail Store In Huge Growth Area

Listing Number: 21771-82668

Description

Iconic souvenir store in the heart of Perth City’s largest tourism development area. Benefit from maximum exposure to Perth’s most renowned tourist attractions. Owned and operated for 22 successful years. Watch existing profits soar as development nears completion. • Price reduced from $389,000!! • Huge development area targeting the tourism industry • Very attractive 5 year lease with 3 year option available in 2021 • Operating profitably for 22 years • Long established suppliers with great margins on retail With no other souvenir businesses in the region combined with growing tourist numbers, the potential for increased profits is almost certain. In the immediate vicinity, two large hotels are under construction. At an expected occupancy of around 80%, these hotels will bring additional tourists to your front door. Location is priceless in terms of proximity to Perth’s most renowned tourist attractions. Be on the forefront of the growing tourism industry in WA with 954,000 visitors to Perth in 2016, 12.4% up from 2015. Owned and operated for 22 years, due to personal reasons the owner has decided it is time to move on. This is an opportunity not to be missed. Very attractive lease with rent at around $36,000 + GST including outgoings. The owner has just entered into another 5 year lease term with a 3 year option available in 2021. Continue the long relationship with high quality, well established suppliers and benefit from a great mark-up on retail products. All existing fixtures and fittings are included in sale with stock to be purchased at value. This is a rare opportunity to be part of Perth’s history, contact us before it is too late.

Listing Details

  • Price: $299,000
  • Down Payment: $0
  • Sellers Discretionary Earnings: $0
  • Total Sales: $0
  • Location: Perth, Western Australia

  • Inventory: $0
  • FF&E: $0
  • Employees: 0
  • Reason for Selling: Other
  • Category:

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