70 Dauncey Street Kingscote SA 5223

Seeking offers $70,000 + stock on hand. Kangaroo Island's only Xlotto outlet.

Purchase includes all fixtures and fittings and the SA Lotteries agency included.

SA Lotteries agency provides an additional gross annual commission income of around $60,000.

After 23 years of successful ownership, vendors are motivated for family reasons to sell and re-locate to Adelaide.

Kangashoos represents a rare opportunity to invest in an affordable important Kingscote based business on Kangaroo Island. One of the longest-lived businesses on Kangaroo Island. Resilient, dependable and profitable with excellent Gross Profit and Return On Investment, matched with an enviable island lifestyle. “Kangashoos” is famous on the Island for footwear, clothing, jackets, hats, souvenirs, fashion accessories and the Island’s only SA Lotteries outlet which is one of the first in South Australia and has been within this business for 50 years! Building was purpose built for “Kangashoos” with electricity and rent ($30k approx..) being the only annual costs.

On-going lease arrangements will be provided to the successful purchaser, to provide certainty and comfort. The building was purpose built for this business with the building owner's supportive of on-going lease arrangements.

Staff; 1 permanent part time (20 and 30 hours a week) and three casual staff.

Owner’s additional benefits – shoes, clothing, “Frontline” buying group access and associated extensive product range, private vehicles paid for.

Hours – Mon – Friday 9am – 5.30pm, Sat 9am – 1pm – Sunday – seasonal

Significant intellectual property is embedded within the business – supplier connections, sales and credit history with unrivalled access to key and core brand such as ASICS, Frontline, Globe, New Balance, Hush Puppies, Thomas Cook, Crocs, Steel Blue. Sole distributorship for these brands on the Island. Vendor will facilitate introductions to suppliers.

Commercial understandings with KI Council, Govt Agencies, Kiland (Timber/forestry) who own 85% of the Islands forestry.

Your Profitable Island Lifestyle Business Awaits.