Best Retail Opportunity in Adelaide High profits + Lifestyle

About the Business

A rare opportunity to acquire one of South Australia's most established and successful specialty retail businesses.

Howards Storage World - Mile End has operated from its prominent Adelaide location since 2007 and is the flagship store within the national Howards Storage World network. It is also the only Howards Storage World store in South Australia, providing an established market position supported by a nationally recognised brand.

The business specialises in quality storage, organisation and space-saving solutions across the kitchen, wardrobe, bathroom, laundry, shelving and broader home organisation categories. Its extensive product range, expert customer service and design capability have helped build a large and loyal customer following.

Strong and resilient financial performance
The business has demonstrated considerable resilience through a challenging retail environment.
Revenue has remained consistently strong at approximately $3.4 million per annum over the past three years, including FY2026 revenue of approximately $3.4 million.
FY2026 adjusted PEBITDA was approximately $292,000, with gross margins continuing at around 52%.
At the revised asking price of $675,000 + SAV, this represents:
- 43.3% indicative return based on FY2026 adjusted PEBITDA
- 2.31x FY2026 adjusted PEBITDA
This provides an attractive entry point into a substantial and well-established retail operation with a proven history of generating strong revenue and profits.

An established business with lifestyle flexibility
The store is supported by an experienced and long-serving team, including assistant management, supervisors, sales staff, administration and warehouse personnel.
The current owner operates in a part-time oversight and management capacity, spending selected days in-store and undertaking other responsibilities remotely.
This provides an incoming owner with the opportunity to acquire a substantial business without needing to personally manage every aspect of day-to-day store operations.

Key features
- Flagship store within the national Howards Storage World network
- Only Howards Storage World store in South Australia
- Approximately $3.4m FY2026 revenue
- Approximately $292k FY2026 adjusted PEBITDA
- Strong gross margins of approximately 52%
- Revised asking price of $675,000 + SAV
- Indicative 43.3% return based on FY2026 adjusted earnings
- Established national brand and franchise systems
- Prime location within HomeCo Mile End
- Large, experienced and long-serving staff team
- Extensive product range and loyal customer base
- Additional warehouse supporting stock capacity and operations
- Modern retail premises and established operating systems
- Flexible owner involvement
- First right of refusal in relation to future South Australian store opportunities
The business is located within HomeCo Mile End, one of South Australia's leading homemaker retail centres, alongside major national retailers and benefiting from strong customer traffic and convenient parking.

Why this opportunity stands out
Few retail businesses of this scale become available with this combination of brand recognition, established revenue, proven profitability, experienced staff and owner flexibility.
The business has continued to perform consistently through subdued consumer conditions, providing a strong underlying earnings base. As consumer confidence and discretionary spending improve, the established operating platform provides further potential for revenue and earnings growth.
At $675,000 + SAV, the opportunity represents a compelling acquisition for an owner-operator, investor or experienced retail operator seeking an established, profitable business of scale.

Take action now
Further financial and operational information is available to qualified purchasers following execution of a Confidentiality Agreement.
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