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Card And Gift Store, Canberra

$50,000

Gift Buy

Looking to play a new hand?

Located in the vibrant Tuggeranong Hyperdome, this profitable card and gifts store will leave you seeing diamonds and acing the competition.

Run under management, the current owner invests only two and a half hours per week to earn a respectable full-time wage. The only thing the owner has to do is complete wages and payments. There are six staff members on the books who do the rest. 

The business has a well established reputation and has been trading successfully for more than fifteen years. 700 regular customers patronise the store. Plus, the lease has five years to run which means you’ll have the freedom to build and plan the future.

Advertising is undertaken by the Hyperdome. Currently the business also advertises in The Chronicle and is promoted by one of their major suppliers. There’s plenty of potential to expand on the marketing front by developing an online presence with a website and via social media sites.

The current owner is prepared to offer vendor finance.

Financials:

  • Turnover of $558 480  for 2010
  • Gross profit of 54.94%
  • Owner’s profit (PEBITA) over $63 000 for 2.5 hours/week!
  • 105 square metres for approx. $7000/month
Asking $50,000 plus SAV
Stock is $40,000

If you are interested in this business, please use the ‘enquire’ form on this webpage or alternatively register your interest via email to sales@capitalcommercial.com.au – our friendly sales team will be more than happy to provide a detailed business dossier containing financial and operational information for this business. Email is the best avenue to guarantee a timely response, however we are also contactable by telephone on 02 6253 4664.
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Agent Details

Capital Commercial Business Sales

P: 02 6253 4664
F: 02 6253 4665
E: sales@capitalcommercial.com.au

Suite E1, 1 Hall Street Lyneham ACT 2602
www.capitalcommercial.com.au

Capital Commercial Canberra Pty Ltd
Licensed Agent
View all sales listings for this agency

What do I need to purchase this property?

Initial Requirements (assuming sale price of $50,000)

Stamp duty $1,000
Legal fees1 $1,500
Loan application fees2 $655
Minimum deposit (10%)2 $5,000
  Total initial payment:   $8,155

Monthly Repayments (assuming deposit of $5,000 and sale price of $50,000)2

Loan repayments on $45,000 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment:   $298 per month

Notes

  1. 1Legal fees are estimated and will vary from firm to firm.
  2. 2Includes application fee, mortgage legals and valuation for standard residential ACT property. Additional Land Titles Office fees are applicable for the registration and transfer of mortgage. The calculation given above is an example estimate only and may not correspond with what is commercially available.

Listing Age and Views

This listing was first displayed on 14/6/11, last updated on 19/3/12, and has been viewed 2061 times. Please note the counter is not updated immediately.

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