Summary
An excellent opportunity to acquire a long-established Home Décor and Kitchenware retail shop.
Revenue
$2,700,000 pa
Net Profit
$480,000 pa
Location Details
Western suburbs
Located in a Major Shopping Centre, The Name has served a regular base and passersby for 25 years and has built a strong presence across all communities.
Potential
Business potentially could expand for 1-1.5 million internet sales.
Skills
No skill needed, the owner will provide full training
Hours
Monday, Tuesday, Wednesday, Saturday, Sunday
9-5 pm
Thursday and Friday
9-9 pm
Lease
Four years approx.
Employees
Two full-time, three part-time staff, approx.
Reason for Sale
The owner has successfully run this business for the last 25 years, and they are planning to move interstate for future retirement.
About the Business
Well-Established Home Décor & Kitchenware Business
Strong Trading History | Consistent Profits | Fully Managed
An excellent opportunity to acquire a long-established Home Décor and Kitchenware retail business located in a major shopping Centre with strong customer traffic and repeat business.
This is the first time the business has been offered to the market.
Business Highlights:
- Approximate annual turnover of $2.7 million
- Net profit approximately $480,000-$500,000 per annum
- Strong gross margins with markups close to 100%
- Exclusive and premium product range with limited direct competition
- Prime location within a major shopping Centre
- Secure lease in place
- Staff wages approximately 9% of total revenue
- Rent below 9% of annual revenue
- Experienced staff and established operating procedures
- Fully under management with minimal day-to-day owner involvement
Why Buyers Should Consider This Business
Over two decades of established trading history
Consistent financial performance over time
Recognized brand with repeat customers
Well-structured operation with systems already in place
Opportunity for continued stable operation under new ownership
Businesses with a long trading history, stable earnings, and strong operational foundations are increasingly difficult to find in the current market.
Asking Price
$890,000 + Stock
The vendor is genuine in their intention to sell, and reasonable offers will be considered.
Enquiries are welcome from qualified buyers seeking a proven and well-established retail business.
For more details or to arrange for an Inspection, please contact:
PETER LI
0433 281 189
This Business is exclusively listed by No.1 Commercial and Business.
Disclaimer: The financial information and statements relating to the above business have been prepared based solely on the information supplied by the vendor to NOCB, and therefore, One Commercial & Business does not guarantee the accuracy of such statements and financial information. NOCB will not be liable for such statements and financial information. NOCB strongly recommends that all prospective buyers of this business seek its independent accounting, legal and financial advice and conduct their due diligence on the business. Image used only for illustrative purposes to protect the seller's privacy. It is in no way representative of the actual business or its products.
History
Trading successfully for over 20 years, the business has developed a loyal customer base, reliable supplier relationships, and stable operational systems. The business is currently fully managed, making it suitable for either an investor or an owner-operator seeking an established retail operation with proven performance.
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