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Commercial, For Sale, Business, Retail, Albany, Western Australia

EMAIL TO A FRIEND
Albany WA
Sold

Boolah Art and Craft supplies

Across Australia there are not many independent Art and Craft Shops that are better known than Albany's Boolah Art and Craft Supplies. Locals are very familiar with this treasure of the South Coast. Tourists are amazed and delighted to find a business that is truly unique and staffed by people with a passion for the products they sell. However, change is imminent because, after 32 years as a family owned business, Boolah is now offered for sale. Despite a difficult retail climate, in the 07/08 financial year Boolah enjoyed solid growth when compared with previous years of trading. Consistency is a feature of the performance of this business. Society will always have a diverse range of creative people and that fact underpins the incredibly consistent stock turnover. The next year will bring some challenges to Boolah that will requi
Across Australia there are not many independent Art and Craft Shops that are better known than Albany's Boolah Art and Craft Supplies. Locals are very familiar with this treasure of the South Coast. Tourists are amazed and delighted to find a business that is truly unique and staffed by people with a passion for the products they sell.

However, change is imminent because, after 32 years as a family owned business, Boolah is now offered for sale. Despite a difficult retail climate, in the 07/08 financial year Boolah enjoyed solid growth when compared with previous years of trading. Consistency is a feature of the performance of this business. Society will always have a diverse range of creative people and that fact underpins the incredibly consistent stock turnover.

The next year will bring some challenges to Boolah that will require a change of emphasis in the stock lines carried. These challenges come because of the expected arrival to town of a major, low service importer. In light of these changes, the current owners have decided to sell the business with a much lower goodwill component than the trading figures can justify. The buyer will expect to pay under $390k w.i.w.o. (stock, plant and goodwill).

With the business situated on the main street, half way between the foreshore development and the shopping centre, prospective buyers will be pleased to note that secure lease for the premises can be negotiated. For further details please contact the owners. We also encourage you to click on website link below for more details.

Property Detail

Property ID:

10644

Type:

Commercial

240
Address:

Albany WA

Contact The Owner

This property was sold
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