Retail reseller of quality antiques, collectables and restored furniture.
They have a valuable range of collectables, some dating back to the 1600’s. Product range includes English china, Royal Dalton, Wedgewood, Waterford Crystal, Glassware, Vinyl records, Colonial Tools, Oil lamps and original Artwork from all over Australia.
Asking: $650,000
Revenue & Profit: High profit. Contact agent.
Business type: Retail storefront
Management Status: Owner operated
Year of Establishment: Over 100 years old
Reason for sale: Retirement
Location: Located in a gorgeous 1920's heritage building in a coastal farming town in Northern Queensland, Australia. Very close to the Great Barrier Reef. Median house price = $240,000.
Great brand and stellar reviews. The business has great a reputable community and local presence with an impressive 4.8 google review rating and 4.7 Facebook rating.
Lots of inclusions/additions. The property is 1325sqm large with 2 houses on it (totalling 6 bedrooms. The front dwelling and now the retail shopfront. Included in the sale is: Trading Business (including stock), Freehold Land, Houses, Workshops, Vehicle, Goodwill and Intellectual Property.
Opportunity for expansion. There is no online presence yet. There is a massive ecommerce market and online demand for antiques and collectables. This is a gaping opportunity for the new owners.
Rich history. The history in this property goes back over a century. The store was built and owned by Sze-Pui, Taam from Ny Chuen, Nam Hui district, Kwonglung, South China. With constant incorrect pronunciation of his name, it evolved overtime into Tom and the family name became See Poy. The business was a thriving trading hub for sugar cane farmers and went under the name See Poy & Sons. A biography of Tom and his life can be found at https://adb.anu.edu.au/biography/see-poy-tom-8381 worth a read, a great man and of fine character. The property was also the main shooting spot for Award winning feature movie 'Celeste' in 2018, https://www.filmink.com.au/reviews/celeste/
