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Industry:  Retail  
Business Address: 70 Dauncey Street, Kingscote, SA, 5223

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AD ID: B231100009
Asking Price: P.O.A
Detail business type: Lottery Footwear, Clothing 
Business Ph: 0428 606 420 
After hours ph:  
Contact Details
Name: Mr. Richard Inwood
Advertising Nature: R/E Agent 
Company Name: Inwood Real Estate 
Phone: 0428 606 420 
Mobile: 0428 606 420 
Email: richard@inwoodrealestate.com.au 
Postal Code: 5223 
Country: Australia 
Comments: Features

Rare opportunity to invest in an affordable important Kingscote based business on Kangaroo Island. One of the longest-lived businesses on Kangaroo Island. Resilient, dependable and profitable with excellent Gross Profit and Return On Investment, matched with an enviable island lifestyle. "Kangashoos" is famous on the Island for footwear, clothing, jackets, hats, souvenirs, fashion accessories and the Island's only SA Lotteries outlet which is one of the first in South Australia and has been within this business for 50 years! Building was purpose built for "Kangashoos" with electricity and rent ($30k) being the only annual costs. Lease is a rolling 5+5 with 9 years remaining.

Significant intellectual property is embedded within the business supplier connections, sales and credit history with unrivalled entry and access to key and core brand such as ASICS, Frontline, Globe, New Balance, Hush Puppies, Thomas Cook, Crocs, Steel Blue. Sole distributorship for these brands on the Island.

* Stock on Hand - $180,000 - $200,000. Amount on hand over can be negotiated to suit the purchaser

* "Kangashoos" has been in the same hands for 23 years and in continuous profitable operation for 50 years (approx.)

* Staff: 1 permanent part time (20 and 30 hours a week) and three casuals

* Owner's additional benefits shoes, clothing, "Frontline" buying group access and associated extensive product range, private vehicles paid for

* Hours Mon Friday 9am-5.30pm, Sat 9am-1pm Sunday seasonal

For further details, please contact Richard Inwood 0428 606 420.
Email: richard@inwoodrealestate.com.au
  • Busy Traffic Area
  • Excellent Location
  • Good Turnover
  • Huge Potential
  • Good Lease