Wear Wolfie Kids Retail Clothing in the Inner South Own below value!

Business Details

The hard work has been done! The foundations of building an exceptional business have been laid, and the idea makes perfect sense, and the market opportunity is immense.

The reasons that this idea hasn't realised its full potential are simply the lack of execution and the ability for the current owner to find time to work on it!

Wear Wolfie represents the opportunity to awaken the entrepreneur within and reorganise and recreate a business, which had been a very good idea, into a great enterprise.

There are three facts to support the market demand!

* Did you know that $3.3 billion was spent annually on kids wear in 2015-2106? (Source: IBIS World)
* Did you know that there were 72,100 children, aged under 15, in Canberra in 2014? (ABS)
* There are only a handful of direct and dedicated competitors in Canberra.

The owner, who is a highly successful executive, doesn't have the time or energy to continue her entrepreneurial journey with Wear Wolfie. As a result, she is aware that she will be selling at a significant loss.

There is no guarantee of success if you take up the challenge of business reinvention and creation offered by Wear Wolfie. There is no doubt that the accountant will say, across the table, "Don't risk it. Stay in your job, and just keep doing it". The accountant's opinion may be valid as the business is running at a loss.

Hundreds of thousands of dollars have been spent on fit-outs, developing full e-commerce website, testing brands and suppliers, and building a sizeable database of repeat customers.

We have said it before when opportunities like this arise: 'Her loss will be your gain'.

To express your interest and receive our full Business Information Package (BIP), please email sales@capitalcommercial.com.au with your full name and contact number and state that you would like to receive further information about this business. We will then email you the deed of confidentiality, which once completed will enable us to email you the BIP and supporting documents.

Thank you on behalf of the team at Capital Commercial Business Sales.

Financial Snapshot

Reporting Period 2016 Weekly Average 2015 Weekly Average 2014 Weekly Average
Sales $319,648.00 $6,147.08 $338,121.00$6,502.33 $351,273.00 $6,755.25
Gross Profit $118,807.00 $2,284.75 $147,733.00$2,841.02 $120,443.00 $2,316.21
Rent $62,475.00 $1,201.44 $65,576.00$1,261.08 $38,445.00 $739.33
Wages and salary $62,563.00 $1,203.13 $51,612.00$992.54 $47,136.00 $906.46

Business Summary

Canberra, Australian Capital Territory
Children's Products & Services.
  • The premises is subleased.
  • Premises: Shop 10, Manuka Terrace, Flinders Way, Manuka ACT 2603
  • Sublease commenced on: 15 April 2013
  • Sublease expires on: 14 April 2018
  • Term of the lease: Five (5) years
  • Base rent: $40,000 per annum plus GST
  • Monthly rent: Approx. $3750 plus GST
  • Outgoings per month: Approx. $1800
  • Annual increases: Fixed – 4%
  • Turnover rent: 2%
  • Bank guarantee: The equivalent of six (6) months rent
  • Use of premises: The retail sale of children’s clothes and accessories between the ages of 0 to 12 years and related goods, and the sale of coffee, tea and homemade lemonade
  • Public liability insurance: $20 million
  • SQM: 83 m2
Employees consist of: 1 full time store manager. She manages all aspects of the store including dealing with suppliers and customers, opening and closing the store, merchansing, window displays, banking and buying. 1 casual manager. Managing all elements of the store.
Mon to Thursday 10:00 am - 5:30 pm. Friday 10:00 am - 6:00 pm. Saturday to Sunday 10:00 am - 4

Enquire Now

Sales Summary

Sale Status : For Sale

Sale Method : Private Treaty

Investment Amount : $75,000

Stock at Value : $55,000.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au