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Port Elliot, 5 & 6/33 North Terrace

Iconic Port Elliot Business

$155,000 Plus Stock

Listing Number: SVH24583
About this listing
Operating successfully for 9 years, this is an amazing opportunity to purchase a well-known and established seaside business located in a prominent location in the heart of iconic Port Elliot.
Step inside the shop and you will immediately notice the vibrant and welcoming atmosphere, featuring brands exclusive to Port Elliot such as - Elk, Mesop, Eb&Ive, Namastai, NancyBird. You will also notice all the other popular merchandise including shoes which have been handmade and imported from Italy, Spain, Turkey and within Australia.
Currently staffed by 3 professional and well trained staff on a casual basis, the store is open 7 days per week and only closed on Christmas Day. Unlike other businesses in the area which can be affected by seasonal changes, this store maintains good trade throughout the year. The current owner enjoys working just one day per week, however the opportunity does exist for those seeking a passive income to not work in the business at all, should that be their wish. Forward buying orders for the spring/summer season have been placed.

Elliot & Me has an established customer base, including regular clientele from interstate and overseas and a strong social media presence for marketing. The business has continued to grow over its 9 years, with 2 expansions and is currently located in a very prominent location on The Strand, next door to popular Cockles café. The shop has a floor area of approximately 107m2 including a small staff kitchen.
Without question this business has built (and deservedly so), an enviable reputation in this South Australian coastal hotspot. Apart from being a go to destination for holiday makers and locals alike, the business has a strong community focus and has supported many community events over the years.
The property is Leasehold, with the existing lease running until the 30th June 2019 however the Lessor is prepared to enter into a new lease extension with the new Lessee.
The Business is being sold as a Going Concern with no GST payable on the purchase.
Price: $155,000 including plant & equipment + stock at valuation (sav).
Property Information
  • Property Type: Retail general

Contact Details

Harcourts South Coast RLA 228117

138 Hindmarsh Road
Victor Harbor
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