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Launceston, 111 Brisbane Street Mall

Prime Retail- High Margin

Expressions of Interest

Listing Number: TNT0666
About this listing
A fabulous opportunity to purchase three profitable and popular What's New gift and novelty stores located in prime retail positions in the three key Tasmanian retail centres of Hobart, Launceston and Glenorchy. With experienced, skilled and trustworthy staff in each of the stores, you could choose to be a hands-on manager or an astute overseeing investor.

The stores have recorded in excess of 10% growth in the past year and are on track to continue growing through high-margin lines, such as AFL and other licensed merchandise, giftware, quirky presents and trending products. Recent top-selling items have achieved margins of up to 70%.

Long leases are locked in for the three stores in the Launceston Brisbane Street Mall, Northgate Shopping Centre in Glenorchy and in Liverpool Street in Hobart.

The What's New brand was established more than 30 years ago with stores in Queensland, Victoria and Tasmania. The franchise is now owned by the franchisees so three shares of What's New Enterprises would be transferred to the new owner. They could choose to open additional What's New stores in Tasmania or investigate the potential of purchasing or opening more What's New stores interstate.

One family, in conjunction with their loyal team of staff, has successfully run the three Tasmanian stores for the past 14 years. They are now ready to retire. However, they are committed to working with the new owners to ensure a successful handover.

Tasmania's three What's New stores offer an ideal opportunity for a family, couple, an astute investor or a syndicate of investors to further grow this unique and dynamic business model.

- Three profitable retail stores in Tasmania
- Three prime retail locations
- High potential growth
- Loyal staff and customers

Launceston store is available to purchase separately.

For more information, please contact Andy Howell or Nick Oliver of NAI Harcourts North. 'Commercial Real Estate Services, Worldwide.'

Listed in conjunction with Gary Reeves from Nest Property
Property Information
  • Business Name: What's New
  • Property Type: Retail general

Contact Details

NAI Harcourts North

114 George Street
Launceston
Launceston
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