Once in a Lifetime Opportunity to Acquire Prestigious Sydney Streetwear Stores
Two premium streetwear stores within the Sydney CBD selling footwear, clothing and accessories with top-tier wholesale accounts with several premiere shoe brands are being offered for sale through Ray White Business Sales Sydney.
The opportunity to acquire the successful boutique businesses located within the Sydney CBD are being marketed by Ray White Business Sales Sydney’s Jonathon Holland on behalf of a private seller.
Jonathon Holland said the businesses are situated near the heart of the Sydney CBD and are currently returning a net profit of more than $170,000 per annum from annual revenue of more than $450,000.
He said the two stores each specialise in mid to high-end streetwear with one focused on menswear and the newest addition, focused on womenswear.
“The business currently stocks just under 50 brands in total and these include their own branded clothing, as well as brands such as Adidas Originals, Nike, ASICS, Champion, Puma, Reebok and Moscot,” Jonathon Holland said.
“Proving to be a rare offering, the business is one of few Sydney Retailers stocking an exclusive range of international designer brands seeing it often attract crowds lining up down the street in anticipation of limited edition drops. The new owner has the option to add new stock lines and continue with current store initiatives.
“The stores are located in a well-known and well-visited fashion precinct. As well as a variety of eating and drinking establishments, the area is home to very popular local markets, which have become a key feature of the area on Saturdays and one which attracts excellent crowds.”
Jonathon Holland said the streetwear stores currently employ two full-time and one casual staff member and operate six days a week from 11am to 7pm. The current lease for the main operation runs until 2019.