Key Cutting & Shoe Repair Biz for Sale- Mornington Peninsula
Key Cutting & Shoe Repair Business for Sale - Monrington Peninsula
"No competition, low rent, and essential services that never go out of demand."
THE OPPORTUNITY
The only key cutting, shoe repair, engraving and watch services business in the area - positioned in a busy shopping centre with high daily foot traffic and virtually no competition. This is a simple, recession-resilient, owner-operated business offering affordable entry at $150,000 with all equipment owned outright and included in the sale.
The vendor is retiring after 7 years of successful operation - a genuine, motivated sale with a landlord keen to retain the business and offer a new lease on favourable terms.
WHY THIS BUSINESS STANDS OUT
- The only provider of key cutting, shoe repair, engraving and watch services in the immediate area - a genuine monopoly position with natural barriers to entry
- Annual turnover of approximately $168,000 with a gross profit of $129,000 - strong margins underpinned by very low occupancy costs
- Very low rent of approximately $40,400 per annum - one of the most competitive occupancy cost structures available in retail services
- All equipment and tools owned outright and included in the sale - zero additional capital outlay required
- Monday to Friday operation only, 9:30am-5:30pm - an excellent work-life balance for an incoming owner-operator
- Compact 55sqm premises in a busy shopping centre - low complexity, low overhead, high foot traffic
- Landlord is keen for the business to remain and will offer a new lease or extend existing terms - strong tenure security for an incoming buyer
- Diverse service mix - key cutting, shoe repair, engraving, watch batteries and repairs - multiple income streams reducing reliance on any single service
- Loyal, repeat customer base built over 7 years of trusted community service
- Recession-resilient services - key cutting and shoe repair remain in consistent demand regardless of economic conditions
- Genuine, motivated vendor sale - owner retiring after many years to pursue travel
PERFECT FOR
- A hands-on owner-operator seeking an affordable, manageable lifestyle business
- A tradesperson or technician looking to leverage existing practical skills
- A first-time buyer wanting a simple, proven model with low overheads and no competition
- A local resident looking to invest in a community-facing essential services business
ASKING PRICE: $150,000
All enquiries handled in strict confidence. Contact the exclusive agent today.
Financial figures as stated by the vendor. Buyers are encouraged to conduct independent due diligence.
EXCLUSIVE SELLING AGENT
Jennifer Angsiting
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DISCLAIMER:
Mercury Business Sales and Valuation and/or their agents, for themselves and for the vendor of this business for whom they act give notice that (i) All information given in relation to this business, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment Mercury Business Sales and Valuation has any authority to make or give any representation or warranty.
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