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

Description

Peter Johnston Ship Chandlers | Established 1964 | Prime Hobart Waterfront LocationAn exceptional opportunity is available to acquire Peter Johnston Ship Chandlers, an established marine retail business with a trading history dating back to 1964 and a strong reputation within the industry.Strategically positioned in the heart of Hobart's waterfront shopping and entertainment precinct, the business benefits from excellent visibility and consistent exposure within a high-traffic location.The business serves both recreational and commercial customers, supplying a comprehensive range of quality clothing, safety equipment and general marine products. Decades of operation have established a loyal customer base and a highly stable trading history.Since acquiring the business in 2014, the current owner has achieved substantial performance improvements, increasing turnover by more than 50%.The current owner remains actively involved in the business while simultaneously managing two related businesses, demonstrating an established operating structure supported by an experienced and flexible team.Key Highlights* Trading History: Established in 1964 with decades of continuous operation and strong industry recognition.* Location: Prime retail premises in Hobart's waterfront shopping and entertainment precinct.* Financial Performance: Stable trading history with turnover increasing by more than 50% since acquisition in 2014.* Product Range: Comprehensive selection of marine clothing, safety equipment and general marine products.* Customer Base: Established mix of recreational boaters and commercial customers.* Sales Channels: Established physical retail operation supported by steadily growing online sales.* Staffing: One permanent part-time employee, one casual employee working 3 to 4 days per week, two additional casual employees as required, and one casual bookkeeper.* Trading Hours: Monday to Friday, 8:30 am to 5:30 pm, and Saturday, 9:00 am to 2:00 pm.* Leasehold Rent: $133,000 plus GST per annum.* Financing: Vendor financing available to suitably qualified purchasers.The business offers significant opportunities for an incoming owner to expand revenue and strengthen its digital presence.The existing webshop is operational and generating steadily increasing online sales, although only a limited selection of products is currently listed. Expanding the online product range and investing further in digital sales could provide substantial additional revenue.Further growth can be achieved by increasing the focus on commercial accounts, strengthening relationships with existing trade customers and developing corporate clothing opportunities.The current owner is approaching retirement and is seeking to reduce their business commitments, creating an opportunity to acquire this established and highly regarded marine retail operation.To support a smooth transition, the vendor will provide up to one month of comprehensive training covering the operational and day-to-day requirements of the business.