Business ID: XB162647
TURNOVER: $1.6M - ONLINE + RETAIL SALES ROI 50%
Hip Pocket Workwear & Safety Batemans Bay is a well-established business that benefits from strong purchasing power, enabling competitive prices that could match online rates. With minimal comparable competition and a high rate of repeat customers there is significant potential to boost revenue.
BUSINESS HIGHLIGHTS:
- The business is an industry-recognised franchise with over 50 locally owned locations nationally and several new stores opened in recent months
- A diverse product range enables the business to cater to a broad customer base, increasing potential revenue streams
- Products include corporate clothing, hi vis safety workwear, protective clothing, personal protective equipment (PPE), safety boots, chefs wear, school uniforms, signs, lawn bowls gear, etc.
- A new workwear line, the 'Red Collection', has been designed exclusively for the franchise by Yakka
- There is limited competition due to industry recognition and the diverse product range
- The business benefits from strong marketing through social media, local television, and an eCommerce-integrated platform provided by the franchisor. New building signage has also just been installed
- The business is located in a fast-growing town with many infrastructure projects expected in the next 510 years, including the Ulladulla Bypass ,Moruya Bypass and the Moruya Regional Hospital which is currently under construction
- Companies involved in these projects setup monthly accounts and utilise the business for their employees workwear & safety needs
- The business has a reliable distribution network with strong relationships with local clubs and employment agencies who purchase at full retail prices, resulting in a high rate of repeat customers
- The premises (approx. 587 sqm) are in a prime position in an industrial area surrounded by warehouses, factories, and service providers, just 50 metres off the main highway. The near-new (2016) building includes 8 off-street car parks
- No licences, trade, or special skills are required to run the business. Retail experience is ideal, and the new owner should be prepared to drive the business
- The franchisor offers a two-week training course in Melbourne, paid for by the seller
- The current owners are also offering training
- A website is in place for online sales but could be much better utilised and promoted
An excellent opportunity to own a proven, high-turnover franchise with strong brand recognition, loyal repeat customers, minimal competition, and huge growth potential in a booming regional market.
PRICE: $450,000 + SAV
Property Code: 4389
