97 Morgans Street, Ravensthorpe WA 6346

Location: Ravensthorpe, Western Australia
Lease: 2024 with 5-year plus option
Current Ownership: since 2019 (previous owners 30+ years)

This busy, family owned and operated business is well-established retail business with a strong reputation and dedicated customers. Specialising in hardware, building, camping and garden supplies, this renowned retail establishment has served as the preferred destination for local residents for the past 30 years.

The business is profitable, has a steady turnover, repeat clientele and allows for a good lifestyle for the Owner. It is currently independently owned and operated, and non-aligned to any franchise agreement. There is potential to grow the business further and increase revenue and profits.

Nestled within a growing rural and residential locale and boasting over three decades of service to the local area. Approximately one third of the Ravensthorpe Shire is productive farmland, The mining industry has become more active in recent years with a number of mine operations in Ravensthorpe.

First Quantum Minerals (FQM), which restarted its operations in early 2020 has been expanding into a second stage nickel laterite deposit, Shoemaker-Levy, which should provide the operation with a long-term life of around 30 years and with Galaxy Lithium Mine just north of the townsite and Medallion Metals (formerly ACH Gold) south-east of Ravensthorpe in Kundip, the future of mining in the region is strong.

Key information:
• Profitable business with consistent and growing results.
• Great reputation and longevity in the industry
• Diversified product offering catering to multiple market segments.
• Located in the main street of town on busy South Coast Highway, with excellent exposure to a large volume of passing traffic
• Plenty of parking available.
• Independent business; not a franchise
• One-stop-shop with a strong reputation and exceptional customer service
• Scope to improve the business further.
• No similar businesses in the local Shire and surrounds.
• Strong social media following

The premises, is currently leased, to July 2024, with a 5-year plus option in place.

For further information and inspection contact Chelsea Adams on 0447 672 470