Up Town Kids Clothing – Townsville

AU$120,000
February 8, 2018

Description

Business Overview
UpTown Kids is a popular boutique selling children’s clothing and accessories. The business is located at Shop 2  Stockland (K Mart) shopping centre on the corner of Ross River Road and Nathan Street, Aitkenvale. The vendor established UpTown Kids in 2005 and moved the business into its current location 7 years ago.

UpTown Kids sells an excellent range of quality boys and girls clothing and accessories including:

  • Formal wear
  • Baby wear
  • Character clothing
  • Shoes
  • Hats
  • Umbrellas
  • Towels
  • Costumes
  • Backpacks

Formal Wear
The formal wear range includes clothing for christenings, confirmations, weddings, and primary school formals. This is a large component of the business and a huge draw card as there are no other competitors in Townsville selling a formal range like UpTown Kids.

Business Hours & Employees
The vendor works full time in the business with some casual assistance from her daughter. The current trading hours are:

  • Monday to Wednesday:  9.00am – 5.30pm
  • Thursday:  9.00am – 9.00pm
  • Friday: 9.00am – 5.30pm
  • Saturday:  9.00am – 4.00pm

Lease
The vendor is currently is on a month to month arrangement with Stockland. The new owner has two options -

  • A: Enter into a new lease agreement with the new owner
  • B: Move the business to another prime main road location

Areas of Competitive Edge
Many areas of competitive edge exist, including:

  • Well established boutique since 2005
  • Fantastic reputation with large repeat customer base
  • Option to enter into new lease with Stockland or move the business to new prime location
  • Excellent supplier relationships have been established in Australia and USA
  • No local competitors selling children’s formal wear
  • Only 2 local competitors selling children’s clothing
  • Facebook page has over 1,200 followers and a 4.8 star customer rating
  • Very easy and fun business to operate
  • Stock makes up large portion of business price

Business Price
UpTown Kids is being sold on a walk in walk out basis for $120,000 (neg).

Contact
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement. Once we receive your details, we will email you the Sale Proposal for this business. Alternatively, contact:

  • Margaret Butler – 0419 664 349 or margaret@beyond2000.com.au
  • Susan  Butler – 0419 905 463 or susan@beyond2000.com.au

Location