Sports Store Adelaide Foothills
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Business Description
This sports store is located in a prime retail location in the heart of an Adelaide Foothills' suburb. Their sales exceed $1.0 million per annum and the Gross Profit exceeds 50%. The range of sporting goods and fashion accessories they offer is extensive with the store carrying approximately $300,000 in stock.
This business proudly operates as a member of a worldwide Franchise Group. The franchise started in 1968 and now has outlets in 45 countries and over 5,500 stores worldwide.
The vendor works part time in the store and is assisted by six casual staff, the majority of whom have worked in the business for over three years. This is a very clean and profitable business and it does not necessarily require a buyer with a background in the sporting sector.
At a Glance
- Part of worldwide franchise
- Trades 7 days per week
- Trained & experienced staff
- Perfect for an owner operator
- 2021 turnover in excess of $1 million
Melanie Winter 0408 085 932
Extended Price Information
| Goodwill | $235,000 incl. $40,000 New Franchise Fee (one off payment) |
|---|---|
| Stock at valuation (approx) | $300,000 |
| $535,000 |
Financial Summary
| Year | Sales | Return to Owner | Return on Owner's Investment | Return to Investor | Return on Investment |
|---|---|---|---|---|---|
| 2018/2019 | $709,914 | $70,752 | 14.29% | $40,367 | 8.15% |
| 2019/2020 | $872,366 | $144,595 | 29.21% | $114,210 | 23.07% |
| 2020/2021 | $1,083,986 | $200,854 | 40.58% | $170,469 | 34.44% |
Staff Summary
6 casual shop assistants are employed within the business.Lease Summary
| Current Rent | $80,000.000 per annum + GST |
|---|---|
| Lease Term | 5 years |
| Lease Commencement | 1st December 2021 |
| Lease Expiration | 30th November 2026 |
| Right of Renewal | 2 x 5 years |
| Outgoings | Payable by the tenant |
| Adjustments | CPI annually & reviewed to market at the end of the term |