vic 3004

Price Reduced from $499,000 to $250,000 as owner wants to sell.

Owner will continue working with purchaser to get established and continue working as part of the brand.

February 2020 – February 2021 figures took a bit of a hit due to Covid and also the theatre being closed, but other figures show how string this business is.

Rare opportunity to own these very profitable licensed Harry Potter merchandise stores – The Store of Requirement. This is a high profit retail investment opportunity.

Enterprises of this nature offer their owners excellent and consistent income with further growth potential and hence they are tightly held and hard to obtain.

This business consists of two well located stores in Brisbane and Melbourne, selling Australia’s largest range of officially licensed Harry Potter merchandise. The business also offers an extensive range of products through online stores such as eBay and Amazon.

We are offering the Melbourne Store for sale which is the most profitable of the stores so we can setup a new store in Sydney.

It is a growing an expanding company that we are looking for the right investors / business owners to come on the journey with us.

Enjoy excellent profitability underpinned by significant levels of recurring revenue from the huge database of repeat fans/customers.

The market position of this business is very strong with significant barriers to entry for competitors present. Customer demand could support a further scaling up of operations and, opportunities clearly exist for a new owner to grow the business further. The business price is well substantiated by financial results.

– Turnover $1.558 million(2019)
– Adjusted Net Profit $333,000 (2019)
– Turnover $919,000 (2020)
– Adjusted Net Profit $163,270 (2020)

Asking price now – $250,000 + sav

Stock value approx. $250,000

Note: Strict confidentiality applies. Purchasers must be able to demonstrate the financial capability and business experience to proceed before detailed information will be shared.

Enquire now to receive a Confidentiality Agreement/NDA and a copy of our information memorandum on this business.

Or speak to our Senior Broker, Matt Butcher on 0401 193 999.

Our Ref: MB205
Tags: retail, merchandise, Harry Potter, collectables, costumes, online store, e-commerce