Business ID XB149496
Adjusted net profit before owners' wages $233,000
This stand-out retail business is one of the largest independent Gifts and Homewares stores north of Perth and as far as Darwin. Specializing in leading homeware brands for domestic and commercial needs, this stunning shop is located in the heart of the historical Chinatown. Monsoonal Blues not only services the locals and people from the Kimberley and Pilbara, but also tourists from all over Australia and overseas.
BUSINESS HIGHLIGHTS:
- Well-run reputable business with a solid foundation Very large Customer Loyalty list
- Suit owner operator or could be run under management
- Launched by the current owners in Derby in 2000 expanded to Broome in July 2002
- Diverse inventory, ranging from kitchenware and home decor to unique gifts and quality souvenirs
- Strong commercial client base, including cafes, restaurants, resorts, hotels, office set ups, local Government and regional corporations
- Great location on Broome's Main Street, central to the pearl showroom area, clothing stores, art galleries, cafes, tour operators, tourist bus stops, and Post Office
- Year on year growth
- Multiple business awards for excellence in customer service Awarded Best Broome Business in 2022
- Bright and very well presented 260 sqm premises Very competitive rent for location with excellent lease terms
- Main shop includes a small storeroom with a kitchenette, also used as an office
- Also leased is the adjacent retail premises (45 sqm) which serves as a second, larger storeroom, main office, and showroom for commercial products
- Full street frontage with shade /seating Ample Street parking plus large side parking area
- Strong relationships with Australian wholesalers, including Maxwell & Williams, Glasshouse Fragrances, Sheldon & Hammond, Donaldson Ent, Splosh, Tankstream Design and more
- Shopify website live linked to POS huge potential to boost the Online Store
The gift and homewares industry is experiencing robust growth, particularly in Broome, a popular tourist destination attracting over 274,000 visitors annually. Growing numbers of visiting cruise ships further enhance this business's prospects. Additionally, the $29.3 million Broome Chinatown Revitalisation Project aims to preserve local history and culture while boosting the economy. Monsoonal Blues is already integral to this community and offers significant potential for future growth.
PRICE: $339,000 + SAV
Property Code: 4191
