$195,000 + SAV ($50,000 approx.)
The iconic Adelaide Central Market has a history dating back to the late 1800s, and today sees crowds flocking to shop there weekly to source the freshest and best quality produce the state has to offer. Located in the centre of the markets, Kangaroo Island Stall 17 is right in among all the action that the renowned markets have on offer.
Established in 2014, this stall has the most comprehensive range of Kangaroo Island produce on offer (over 350 Kangaroo Island products!) which includes spirits, wine, health & beauty products, and gift packages/hampers, all in one convenient location. The stall was completely renovated in 2017 and now has a modern and eye catching 3-sided frontage which also incorporates a bar/seating area for customers to sample and enjoy some of KI’s specialties - gin cocktails, local wines, beers and ciders. The stall holds a General & Hotel Licence which has a capacity of 100.
Along with their brick and mortar shop front, the business also has a great website which allows customers to purchase direct from the store at the click of a mouse with the added bonus of delivery Australia-wide. The website is also integrated with the POS system which allows stock to be managed efficiently. Having created a strong social media following and client email database, the business has the ability to reach clients easily with new products, promotions and great offers specifically for their loyal followers.
Trading 5 days per week, the business has steady increasing sales year on year. One owner works full time in the business managing the day to day operations and a second owner works minimal hours (approx. 2 per week) behind the scenes. A couple (two working owners) could easily run this business, and as shown in the 2021 profit & loss, two working owners would make around $185,000 per annum.
Tony Iasiello 0412 217 608
|Goodwill including Plant & Equipment||$195,000|
|Stock at valuation (approx)||$50,000|