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Phantasea - Gem of a business in spectacular Merimbula.

$450,000 + SAV
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Summary

Phantasea, an incredible longstanding extremely diversified profitable business on Sapphire Coast.

Potential

Highly successful in its own right, a move to online sales is the next stepping stone toward the future for Phantasea.

Reason for Sale

The owners have been in business for a decent amount of time and are ready for retirement. They love the area so much they are remaining local and able to support an incoming owner over the busy summer trade.

About the Business

Phantasea is a much-loved Merimbula fashion store located right in the busiest stretch of Merimbula’s main shopping strip. Stocking a vast array of stock from an enormous swimwear range, everyday wear, boogie boards, Havaianas, jewelry, fashion accessories, and much, much more.

Situated as the heartland of the iconic, stunning Sapphire Coast, this stretch of coastline epitomizes the south coast of Australia. If ever there was the perfect location for a sea change, this has to be it. Not only are the region’s beaches amazing for fishing, surfing, and SUPing, Merimbula is right in the firing line for the whale migrations up and down the coast. If the beach is not your thing, call it a tree change for the remarkable bushwalking, camping, 4-wheel driving and to top it off, it’s only a couple of hours from Australia’s magical winter wonderland, the Snowy Mountains.

Also, a couple of cracking gold courses flank the town. If adventure all sounds too much, how about incredible restaurants, cafés, boutique shops, pubs, clubs a games center for the kids, schools, and big-name shops like Woolies, Aldi, Mitre 10 Total Tools, and more.

Successful during the best times, Phantasea has bucked the trend and defied the odds to post incredible numbers during the 2021 financial period displaying remarkable resilience. Any business capable of making a profit after the devastating bushfires, followed by 2 years of covid restrictions, majorly hampering tourist trade in the region, deserves extreme accolades. Phantasea has not only survived, it has thrived.

Life is not all about work, there needs to be balance and this remarkable business has staff to match enabling the owners to take a 3-month vacation, Bali is a favorite, to unwind, relax and reset. Having staff capable and reliable to such a degree is rare and worth their weight in gold.

What’s not to love? Profit, work/life balance, and exceptional staff are all in the heart of the stunning sapphire coast. We are seeking offers over $450,000 plus stock at value for this incredible business. For more information, please call Andrew from Summit today on 0418 676 400.

What’s holding you back? Dream of a better life. Call Andrew from Summit Business Brokers today on 0418 676 400 for more information about this wonderful opportunity.

For more information, including full financials, for this wonderful opportunity
to view the terms & conditions in the Summit Confidentiality Agreement

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