Iconic Hobart Marine Retailer: Established Chandlery in Prime Waterfront Location with 60+ Year History

Description

Peter Johnston Ship Chandlers is a well-established marine retail business operating since 1964, holding a strong market position and recognised brand presence within the marine sector.Positioned in the centre of Hobart’s waterfront shopping and entertainment precinct, the business benefits from strong visibility and continuous exposure in a high-footfall location.The operation serves both recreational and commercial markets, supplying premium clothing, safety equipment, and a wide range of marine products.Over decades of trading, the business has developed a loyal and stable customer base, maintaining strong consistency in performance.Under the current ownership since 2014, the business has achieved turnover growth of more than 50%.The owner remains actively involved in daily operations while simultaneously managing two additional related businesses, supported by an experienced and adaptable team.Key Highlights• Trading History: Established in 1964 with continuous operation and a long-standing industry reputation• Location: Prime retail frontage in Hobart’s waterfront shopping and entertainment precinct• Financial Performance: Stable turnover with growth exceeding 50% since 2014• Product Range: Clothing, safety equipment, and general marine supplies• Customer Base: Established mix of recreational and commercial clients• Sales Channels: Physical retail sales supported by growing online revenue• Staff Structure: 1 permanent part-time employee, 1 casual (3-4 days per week), 2 casuals as required, and 1 casual bookkeeper• Trading Hours: Monday to Friday (8:30 AM - 5:30 PM), Saturday (9:00 AM - 2:00 PM)• Leasehold Rent: $133,000 plus GST per annum• Vendor Finance: Financing options available for qualified buyersThe business presents strong scalability and immediate growth potential for an incoming owner.Current online operations continue to grow, with the webshop offering a limited product range, creating significant opportunity for further digital expansion.Additional revenue potential exists through greater focus on commercial accounts and expansion into corporate clothing supply.The current owner is preparing for retirement and reducing business commitments, creating an opportunity for a new owner to acquire this established turnkey operation.To support the transition, up to one month of full training will be provided, covering all operational and day-to-day business activities.