Internal Ref: RN 656
Summary
This rare business is a destination for chefs, passionate home cooks and collectors alike. Imports and retails the best kitchenware including hand-forged chef knives, fry pans, barbeques and more
Revenue
$3,001,000 pa
Rent
$252,000 pa
Expenses
$2,057,000 pa
Net Profit
$692,000 pa
Location Details
3 strategically located retail stores plus an online store that is a significant contributor to the business.
Potential
Potential to broaden the trade customer base beyond current key relationships.
Opportunity to expand the product range or add complementary categories leveraging existing current relationships and showroom space.
Significant wholesale opportunities especially with interstate clients. Add new stores interstate
Expand opening hours.
Add more product category extensions and market to the huge database.
Expand online sales on eBay and other online channels.
Skills
Previous retail and marketing experience and skills would be an advantage
Hours
5 short days per week
Lease
Good leases in place with options to extend
Reason for Sale
Retirement
About the Business
This rare business is a destination for chefs, passionate home cooks and collectors alike. This thriving Sydney-based business is an importer and retailer of the very best kitchen ordinance including hand-forged chef knives, fry pans, barbeques, cookware and more. With retail stores and a dedicated warehouse, the business is renowned for its impressive range, catering to chefs and home cooks alike. New products have progressively been added over the past years.
It operates on a vertically integrated model: it primarily displays and sells products it has imported itself, which supports strong gross margins, with some purchases from local wholesalers. The business features impeccable systems for stock management and overall business administration, with streamlined operations for maximum efficiency.
Key Features:
Genuine reason for sale — the owners intend to retire.
Due to market longevity and promotion the business is well-known amongst restaurant / hospitality industry and food obsessed.
Highly desirable products – the source of supply is renowned for high quality and well-made products.
Three established retail stores strategically located.
Online store accounts for approx. 32% of sales with a database of approx 23,000.
Store leases all have options thereby providing good security of tenure.
Highly profitable – gross margin of approx 60% and with strong cashflows as customers pay cash.
Direct, long-established relationships with overseas suppliers support strong gross margins.
Experienced, well trained and well-remunerated stable team across all sites, expected to remain with the business through a change of ownership.
Strategic stock holdings of high volume and rare items.
Smooth Transition - Vendor available for seamless handover and ongoing support.
History
Founded by the current owners 20 years ago with a clear mission to provide the best quality professional products and also the best service to assist chefs, restaurateurs and home cooks
Connect with us