Internal Ref: B14534
Summary
Coastal themed furniture store with flooring franchise and bespoke window covering business has been established for almost 25 years.
Revenue
$2,325,000 pa
Rent
$81,732 pa
Location Details
Situated in a beautiful Bass Coast area, with major road exposure. Bass Coast is a desirable living location with state record growth predictions for the future.
Hours
6 Days: Mon to Fri: 10am to 4pm, Sat: 10am to 2pm, closed Sun.
Lease
5x5x5 - Shop; 2x2 Warehouse
Reason for Sale
Retirement and Family
About the Business
Coastal themed furniture store with flooring franchise and bespoke window covering business has been established for almost 25 years.
Time to act is now, with "The Block" starting to film and have their show on Phillip island this will be a massive injection into this business, act now before price goes up!
This is going to do a lot for the brand recognition.. There is going to be a lot of TV advertising for The Block, but also the Brand is currently involved with channel 9 with the TV show "Space Invaders"
The value of the brand is absolutely growing.
Locally apart from that we are seeing a lot of transitioning of housing, older generations selling homes ( then that adds to the renovating pool,) and they are buying into the new lifestyle packages of smaller homes.
So I'm seeing a lot of customers buying new furniture for the smaller homes as well as replacement flooring and window covering in the renovation homes.
Situated in a beautiful Bass Coast area, with major road exposure. Bass Coast is a desirable living location with state record growth predictions for the future.
This business services all your domestic and commercial requirements with hard flooring, carpet flooring, window furnishings, and rugs. With approx. 20% of sale in furniture and 40% in flooring and 40% in flooring.
Long established and well regarded with an excellent reputation and modern spacious premises. Clients include builders, architects, DIY renovators, and insurance companies.
High turnover of $2.3M per annum with sales increasing. Strong net profit.
This is an excellent leasehold business. Enjoy an enviable lifestyle while receiving a superb return on investment. The current lease in place for 5x5x5.
For further information please contact Senior Business Broker Petros Margaritis on 0416 000 154.
Ref: B14534
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