Summary
Lighting Network Mackay is a profitable modern retail lighting & ceiling fan business which has a well-established reputation (since 1982), limited competition & multiple growth opportunities.
Location Details
Shop 1 & 2, 120 Sydney Street
Located on one of Mackay's busiest roundabouts, there's 3 local schools nearby, major sporting complexs and the airport just down the road, provides a prime location for passing traffic every day of the week. There is also ample offstreet parking.
Potential
There are various opportunities for growth in this business, but a greater focus on the established website & online sales is an area that could significantly benefit. We have access to commercial/industrial light fittings, & landscaping/gardening lighting that both areas of potential growth that haven't been explored. Customers always ask if we fit the products we sell so, if you were an electrical services business, we think this business could help you grow significantly.
Skills
An open mind & a willingness to learn is all you require to run this business. Customer service skills and/or an electrical background would also be of an advantage.
Hours
Monday to Friday 8:30am to 5pm and Saturdays 9:00am to 1:00pm.
Lease
Newly resigned retail business 3 year lease, November 2023 and ends 31st October 2026. Options to renew are 2 x 3 years.
Employees
2 x Business Owners. The business has previously employed shop assistants but has operated with the two owners only since the end of July 2023. We have employed up to 5 team members.You can run it with Two people or expand as much as you wish.
Reason for Sale
We have been in this business for over 16 years and are looking to spend some quality time with our family before trying a new adventure.
About the Business
A boutique retail store with very limited competitors in the region. The new, modern premises with current displays, is very well located in the city centre. A new 3-year lease has just been resigned. The Lighting Network buying group has an estimate of 20 stores Australia wide to assist with advice and source and purchase of products at a competitive rate. This is a buying group with great benefits. The business has strong consistent and growing profitability. The small staff compliment means easy management, as well as the exceptional lifestyle benefits of regional living, for the new owners. Lighting Network Mackay is arguably the best retail lighting and ceiling fan business of its kind in the region, with a motivated vendor with a genuine reason for sale. The Business has a proven marketing strategy to deliver new customers and has excellent systems and procedures are in place. It has a strong social media presence with various Facebook posts a month, over 1,000 followers and a 5-star rating. They also have an excellent Google star rating of 4.8 from 23 reviews, with 4 stars being the lowest rating.
History
Lighting Network Mackay is a Mackay-based boutique retail lighting store established in 1982. Two generations have run this family-owned business and have serviced the Mackay, Whitsunday’s and surrounding regions for over 40 years. Steve & Teresa purchased July 2008. Client loyalty, increasing patronage and a growing reputation, has allowed the business to become bigger and stronger, establishing Lighting Network Mackay as a major retail domestic and commercial lighting outlet.
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