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Wedding and Functions Venue Business For Sale - Modern Fit - Out
Summary
Offering a great work life balance, this flexible online only business will suit a variety of entrepreneurs. Operate anywhere in Australia at your pace.
Revenue
$555,000 pa
Rent
$19,158 pa
Expenses
$398,000 pa
Net Profit
$137,842 pa
Location Details
South East Queensland
We service Australia and operate from a commercial facility in South East Queensland. Our business can be relocated anywhere very easily.
Potential
This business has operated for nearly ten years, and has been a market leader in it's niche industry.
There is MAJOR potential to grow by exploiting untouched industries and key networking and social media platforms. Someone with great interpersonal skills and social media prowess will take this business to a whole new level.
The product side is very simple and systemised, with most items being amde in house.
Skills
Proficiency in computers is important, with some interest in simple graphic design.
Social media and marketing ability is a great attribute.
Non formal training or trade licence required, all aspects are very easy to learn.
Hours
Currently Operating Monday - Friday 8am - 3pm
Lease
Commercial Lease of a 160sqm warehouse. Only half is utilised, potential to move to a home shed or smaller warehouse.
Employees
One Full Time employee
Two Casual employees
Owner works 15-20 hours per week
Reason for Sale
The owner is selling due to an over commitment with other business ideas and also a growing family. It's time for someone to take this business to the next level.
About the Business
Not often does an opportunity arise where you can take advantage of over a decade worth of sales, growth, innovation and systemisation. This business will suit a variety of entrepreneurs with the ability to run the operation from home, a commercial facility or scale up to a sizeable enterprise.
Being an e-commerce store, our customers are located predominantly in major Australian Cities. We are located in QLD, however this can be run from anywhere in Australia. The entire business can be moved in a single container.
Currently requiring 20 hours from one working owner in a commercial building with two staff, this easy to run business will give you the lifestyle you desire. Below are some operating options:
1. Continue current operation and see annual profit of $110,000
2. Run from home with two working owners and save labour and commercial lease, with an annual profit of $180,000
3. Expand from the current position and see massive returns, with a gross margin of 70%.
Experience:
This easy to run business requires no formal training or licenses, and operates in a low risk industry. Strong computer and social media skills are advantageous, with an understanding of design/Adobe software.
The day to day operation is very simple, with templated workflow (can be completed by entry level admin staff).
Equipment:
Included in the sale is all machinery to operate this business. Each has an operating manual. Current machinery value is $43,850.00
Opportunity/Growth:
A new owner with networking skills and a passion for social media will catapult this business to a whole new level. Currently, this business relies on digital marketing, word of mouth and repeat business for sales.
Several areas of opportunity have been highlighted which will be shared with the new owner.
Product:
We currently make all product in our facility. We start with base materials then fill and decorate to our customers needs. Example items include candles, glassware, honey jars and more. The actual product making process would suit someone who enjoys the “crafty” process, or employ staff to take care of all manufacture.
Training/Handover:
Included in the sale is basic training/workflow education via electronic methods (Google Meet/Teams etc). Email support will be offered for an initial period.
In person training will be available for an agreed fee depending on new business location.
Purchaser to take care of moving costs if necessary.
History
History:
2014 - Established the business, operated from a small shop. Organic growth from an industry need.
2016 - Moved to a large warehouse and scaled the business to include more product range.
Sales 16/17 FY: $346,000
Sales 17/18 FY: $418,000
Sales 18/19 FY: $451,000
Sales 19/20 FY: $560,000
Sales 20/21 FY: $577,000
Sales 21/22 FY: $598,000
Sales 22/23 FY: $554,000
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