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Business Details
Code:
FP470
Business Type:
Gifts Retail
Area:
East
Established:
Owner 32 yrs
Lease:
Lease Term- 5+5 negotiable
Commenced: When new owner starts
Security Deposit negotiable
Increases- negotiable
Rent (excl GST):
$22,950
Trading Hours:
Monday-Saturday. 9.30-5.30 (On Sat. till 4.30pm) Closed on Sunday
No of Staff:
Owner + One casual
Staff Hours Per Week:
Varies- depending on the owner
Vendor Hours:
This can vary depending on staff and the requirement of the owner
Approx Turnover(excl GST):
2008 $234,000
Stock approx $75,000
Current Sales July-November 2008 $88,637
Reason for Sale: As sole owner, the vendor has been running the gallery for 32 years. She
believes it is time follow up other interests and retire.
      General Information

An Overview of the Company:

The business was opened as a gift gallery in 1977 with one major supplier specialising in a
very impressive range of table wear created by a design award winner Australian craftsman.
Made from precious silver like alloy, the beautifully crafted items are functional and
timeless and signed- heirlooms of the future. Being lighter then visually expected, they are
ideal for posting or taking overseas, this allows the business to expand its customer base.
Establishing the "Australian made" image the owner had added various other Australian
made /crafted ranges giving more and more accent to the "Australian made" but
not "Australiana". Through the years a mix of other suppliers compliment and complete the
merchandise on offer to satisfy different tastes, budgets and still have a cohesive, pleasing
and different effect.
The gift advisory service, “informative marketing,” has established a formidable trust with
customers, that stood the test of times.
The caring, informal atmosphere has created an ambiance that induces a happy environment for
purchases of gifts. The free gift wrapping is well appreciated through the years as part of
the over all "trade mark".

Being so desirable and different, loyal customers (a great number of them 3rd generation from
when the business started) are not just from locals, but inter and intra state. There are
also a lot of overseas customers that travel on a regular basis.

The business caters for all occasions, the usual gift occasions of weddings, anniversaries,
birthdays etc, and also corporate gifts.
The web site is ready to go, but can be further developed into a more effective selling tool.

Asking Price:
$120,000 + stock
 
For more information, please contact:
Peter Adamek on 0411 604 448


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