Summary
The company business has been operated over 30 years. Retail of exclusive furniture & bedding products. Sales: $1,600,000 approx. NET Profit: $250K - $300 p/a. Price: $250,000 + stock approx. $250,000
Revenue
$1,500,000 pa
Rent
$210,000 pa
Expenses
$1,000,000 pa
Net Profit
$290,000 pa
Location Details
Canberra Outlet Centre
Potential
- Canberra Shop has been operating 10 years.
- The shop is fully operational and will be sold as going concern.
- Fully under management. There is staff who has been working for over 7 years.
- 3 full time employees, they are all local and keen to stay with the business.
- Revenue: $1.65m (2023 est) ; $1.5m (2024 est);
- All sales are offline. Potential to increase sales by online
- Lease: finish in 2026, It can be renewed for the 5 years
- Shop size is approximately 580sqm
- Assets including:store stock value is approximately $0.25m
Skills
No technical knowledge is required and a comprehensive training and transition period will be offered to support the new owner..
Hours
7 days a week from 10am to 6pm
Lease
finish in 2026, can be renewal for onther 5 years lease
Employees
3 full time staffs
Reason for Sale
The current owner is planning to retire and is looking for the right buyer to continue the furnture business
About the Business
Established in 1995, Sapphirewood’s Furniture is a long-standing and respected name in the NSW and ACT, serving with high-end quality furniture, bedding, and homewares. Proudly family-owned and operated, the business has built a loyal customer base and a reputation for excellent service, competitive pricing, and a exclusive product range. 5 Stars on Product Review (over 615 reviews), Over 8,700 followers on Facebook.
History
The company business has been operated over 30 years, Retail of exclusive furniture & bedding
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