Retail - Japan City in Cuba Street & Queensgate
Wellington Greater Area
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About this business for saleRetail - Japan City in Cuba Street & Queensgate
Japan City. This well-known brand & business is located in the capital’s ‘Golden Mile’ - Cuba Street. It has very high pedestrian traffic in Cuba and crowds of people in Queensgate Shopping Mall, Lower Hutt.
Japan City is the first Japanese grocery and food store in Wellington. General imported Japanese goods. Similar to a Japanese 100 yen store offering a wider range of products including cosmetics, medical, accessories, food, drink, stationery, tableware, laundry goods, etc. Majority of the products come from Japan's 100 Yen shop, with high quality and low price.
This is a simple and easy to operate business that is currently run by one owner, two full time staff and four causal staff. They have regular retail customers which ensure continuity of sales.
This is a well-run and high cash flow business. It would suit someone with a mix of sales and marketing skills wanting a business with a regular, steady clientele, and the opportunity to build on this company's reputation for quality and dependability.
The owner will provide all the necessary training in order for new owner to take over smoothly.
Price $300,000 plus estimated stock value $200,000.
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.