Long standing profitable main street business

Trents Leather Shop is a Dunedin retail institution. It has traded for over 80 years in the city including the last 35 years under the current ownership.
Its premises are located in a prime position within the fabled Golden Block, Dunedin's premier retail precinct. The shop is a nice size and of regular dimensions.
Trents - Bags, Luggage and Travel Accessories stock a wide range of goods mostly pertaining to carrying things: handbags, evening bags, schoolbags, travel bags, leather bags, wallets, and purses. Full range of travelling luggage including all sizes of wheeled luggage and back packs, and of course all those other requirements of travellers.
The business benefits from the cruise ship visits to Dunedin. With the number of boat visits seemingly increasing year on year this augurs well for Trents.
Trents is a stable business with an excellent trading history. Accounts are available for the past five years and show consistent turnover and steady returns to owner. The shop is staffed by the owner and part-time assistants. An attraction of this business is that the current owner works in the shop on a part-time basis and this provides for a pleasing net profit together with owner's remuneration. Of course a new owner may choose to be involved in the business on a full-time basis thereby increasing the bottom line return.
The current owners are looking to retire after a long period of ownership - the business has served them well. It has maintained a high profile presence in George Street and provided a most satisfactory return to the owners for over three decades.
Attractive lease available.
Please contact the agent for an Information Memorandum and further information.

Additional Features

  • Business Group - Type: Business - Retail

Robin Hyndman (Phone +64 27 488 8450)
Robin Hyndman
Commercial and Industrial Consultant
Nick Lucas (Phone +64 20 477 6778)
Nick Lucas
Business Sales Consultant
17 George Street
Central City
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