OVER $400K NET PROFIT UNDER MANAGEMENT. ENQUIRE NOW BEFORE IT'S TOO LATE!

7 days ago

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Summary

Sleep Now has a wonderful, unique business model owning their own branding and range. This super successful business can be scaled up and taken Asutralia wide or just rake in the $400k net + per year!

Location Details

21 - 25 Albany Street

Potential

With the ability to take this model national, the potential is enormous.

Reason for Sale

The owner is now living overseas and has decided overseeing operations from afar is no problem, however, on the back of the remarkable success story that is Sleep Now, the owner is taking the same model to the other side of the world. Focusing on the future success of the new venture in the northern hemisphere, it is time to allow someone else to enjoy the enormous success that is Sleep Now.

About the Business

Making over $400,000 net profit under management, Sleep Now offers an extremely unique, essential service for Canberran's. Established with a foothold in the Canberra market for 10 years. They have mattresses manufactured to their own specifications and high standards and sell them at a fraction of the price the big retailers charge. This wonderful business does not compromise on their quality, or profit margin, providing high end product at an affordable price.

Why is this business so successful? They own the product. It is entirely their own design, their own range, their own high quality. They have the product manufactured for them giving full control of all aspects of their business.

The business model is extremely simple, they focus on what peoples needs are and provide it far cheaper than the generic retailers. Keeping only a handful of options for each size mattress prevents “dead stock”. An incredibly high sell through rate by a great sales team ensures enormous profits year on year, however, the product sells itself.

Sleep Now has a remarkable strike rate of selling to over 60% of clients coming through their doors. Simple model, great product priced right and enough staff to ensure all customers are served. Why complicate business? Do what works and do it well.

Is there any potential for future growth? This is an extremely unique, successful business that can easily be taken to the rest of Australia. The product is proven, the marketing is proven, the hard work has already been done. Branching out would reduce overall price per unit INCREASING bottom line profit. How far do you want to take this incredible business?

Why sell an extremely successful business run under management? The owner is living on the other side of the world and has enjoyed major success with Sleep Now over many years, however, it is time to focus on the future in his chosen country rather than focusing on running a business from afar.

Selling for only $975,000 plus stock at valuation, this incredible opportunity is definitely one not to miss. The time is right now to secure your families future. For more information on this remarkable opportunity, call Andrew from Summit Business Brokers now on
0418 676 400.

Why build someone else’s empire when you can build your own?

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