Leading Recycler and Supplier of New/Used Furniture

6 days ago

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Summary

Business ID: BS147784Leading Recycler of Reconditioned White Goods and Supplier of New/Used FurnitureEstablished and Operated for over 25 years by the same VendorsThe Business has been in operation...

Location Details

BS147784

About the Business

Business ID: BS147784

Leading Recycler of Reconditioned White Goods and Supplier of New/Used Furniture

Established and Operated for over 25 years by the same Vendors


The Business has been in operation for 25 years and at the current retail site for the last 20 years following the purchase of the premises by one of the Directors. They also lease a warehouse in an adjoining suburb for furniture storage and lease a separate workshop where they recondition white goods for resale in the showroom and hold spare parts also for resale.

-Only retailer specializing in lower socio-economic customers
-Major supplier to government and not-for-profit organisations
-No competitors doing this on the same scale
-Broad range of items, both new and used
-Fast stock turnaround, stock readily available
-Excellent customer service
-Minimum 3 months warranty on secondhand goods
-All used electrical items are reconditioned
-Potential to expand to other non-serviced areas e.g., Murray Bridge, Mt Barker, Noarlunga, Elizabeth etc.
-Plays a valuable part in the recycling industry

Vendors assistance at the handover of 28 days. Assistance post-sale from one of the Directors is offered with terms and conditions to be negotiated prior to settlement if required.

There are no licences required to operate the business, but skills in buying new and second-hand household goods, understanding of a retail operation and white goods machinery operation would definitely be an advantage.

There is huge potential to expand to other non-serviced areas e.g., Murray Bridge, Mt Barker, Noarlunga, Elizabeth etc. The business was also heavily involved in television advertising about 5 years ago, this could be rekindled giving it a fresh approach and pushing hard at the lower end of the retail homewares market.

One of the Directors wishes to retire and travel around Australia, the other Director would be happy to stay on in the business for a period if required.

Asking Price: Goodwill, Plant and Equipment $345,000 plus SAV $265,000

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