Shopping concept. Shopping cart with sport equipment on shop background

High Profits – Sporting Goods Store – Apparel & Equipment – Under management

Retail
| Under Management
| Perth Metro
GMO Ref# 6857

PRICE

700000

NET PROFIT

379468

Justin Osborn

Contact Justin Osborn for more information on this business opportunity
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0401 929 088
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Recognised national sporting retailer located in major eastern suburbs shopping centre. This business has a resilient and profitable history and has been operated under the same ownership for many years.

• Strategically positioned business is major eastern suburbs shopping centre with huge foot traffic

• Stocking large range of high-quality fitness brands from all over the world – excellent and longstanding supply relationships in place

• Part of a well-regarded national sporting retail co-operative brand with access to excellent internal systems, buying power, marketing assistance, operational support and so much more.

• Management in place – Seller working from home part time with a full time Store Manager in place

• Strong rate of repeat patronage with little direct competition

• No experience necessary and full training provided by Seller

Fantastic return on investment that includes circa $430k value in stock Returning a very healthy profit to the Owner, this business could be developed further under the stewardship of a hands-on Owner Operator driving growth and sales. The Seller is looking to move into retirement and would be willing to offer and professional handover and transition of ownership.

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Justin Osborn

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Business Broker |

Justin Osborn is experienced and accomplished in business with a wealth of knowledge and expertise in the broking field. With a strong background in both business ownership, finance and sales, Justin brings a unique perspective to his role, making him a valuable asset to his clients.

Having owned several businesses across diverse industries, ranging from manufacturing to hospitality, Justin understands the challenges and intricacies involved in running a successful business. His firsthand experience provides him with valuable insights into the various aspects of business operations, enabling him to effectively guide his clients through the buying and selling process.

Prior to becoming a business broker, Justin spent many years working in business finance and credit payment platforms. This experience equips him with the ability to analyse financial data, evaluate business valuations, and negotiate favourable deals for his clients.

Complementing his practical experience, Justin holds a bachelor’s degree in Business and Marketing. His educational background provides him with a solid foundation in marketing strategies and business development, enabling him to create effective marketing campaigns to attract potential buyers and showcase businesses in the best possible light.

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CONFIDENTIALITY DISCLOSURE AGREEMENT

  • The disclosers are willing to disclose such information to the recipient subject to their acceptance of the following conditions:
    1. The recipient shall treat all information received from the discloser as confidential and shall ensure that all such information remains confidential and shall not use any such information in any way other than for the specific purpose aforesaid. The recipient acknowledges that all conditions subsequent in this disclosure apply to the recipient and any associates of the recipient be they partners, co‐directors, trustees, holders of shares or officersin entity(s) the recipient has interest in.
    2. The obligations of paragraph 1 shall not extend to any such information which is in the public domain, or which hereafter becomes part of the public domain otherwise than as a result of any unauthorised activity or omission of the recipient, or which is already in the possession of the recipient and was not derived from the disclosers.
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    4. The obligations set forth in paragraph 1, 2 and 3 shall terminate 12 months from the date of this agreement or upon the disclosers and the recipients entering into an agreement whichever event occursfirst.
    5. The recipient shall obtain no rights of any kind to such information other than for the specific purpose stated in this agreement.
    6. The receiving party will not utilise any material made available to improve, construct or change another business, in such a way as to allow that business to compete with the business being discussed.
    7. The recipient understands that the information has been compiled by GMO from details provided by the Vendor. Prospective purchasers should be aware that it is not intended that any projections or this information be treated as a representation, warranty or promise by GMO or its representatives, as to the correctness of the information, or that all relevant information is contained in the information provided.
    8. The recipient acknowledges that they will not act on information provided without first seeking independent financial and legal advice.
    9. The recipient hereby agrees to declare any beneficial interest in any business that could currently be interpreted as being in competition with the subject business.
    10. The recipient agrees to return all documents supplied within 50 days of receipt (and any copies) should they decide not to proceed. The recipient further agrees to destroy any electronic information supplied by the Seller or GMO and to instruct their professional advisors to also destroy any information passed on by the Seller, the recipient or from GMO.
    11. The recipient acknowledges they are precluded from physically visiting the premises of the business or talking to any client, supplier or employee of the business without the permission of the discloser.
    The recipient/s hereby accepts the above conditions as binding on them in respect of the information referred to.
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