Internal Ref: benchmark_74_663
Summary
Unique owner managed Gold Coast furniture businesses specialising in furniture from Indonesia and China. This boutique store is beautifully laid out o...
Location Details
2949 Surfers Paradise Bvd
About the Business
Unique owner managed Gold Coast furniture businesses specialising in furniture from Indonesia and China. This boutique store is beautifully laid out over 600 square metres of floor space, with ample car park. Ideally situated in the heart of the Gold Coast is perfect for the right buyer to build upon.
Established approximately 5 years ago, stock includes a small collection of preloved antiques (when available), traditional and contemporary pieces, luxurious leather lounge suites, dining and outdoor furniture, fabrics and accessories from around the South-East Asia, and China. For a new owner/investor this is an easily managed operation. Does the possibility of overseas travel for work excite you? Here is your chance to source products direct from the manufactures. The seller will happy pass on his years of experience and key overseas contacts to the new owner.
Additional income streams include staging property for sale. There is a growing demand for this businesss instantly available products. The business is now used by many interior designers for staging and fit-out homes, apartments and commercial properties. This is a one-stop-shop where staging professionals can source everything in one visit and meet tight deadlines.
A new owner, possibly one with a passion for design and furnishings, could make invaluable steps to increase the businesss profitability. The current owner does NO advertisingthe store doesnt even have a website!! Its clear that with the addition of website, possibly an online store, focused marketing and the use of social medial would see significant sales growth to this already profitable business.
* Ample parking space in front of the store * Lease 3 x 3 * Rent $5,600 p.c.m * Net Profit FY18 $200,000
A new prospective owner with a background in retail would need very little training; however the vendor is more than happy to provide training for the new owners. Seller will ensure a smooth transition into the business, and introduce the new owners to all the current suppliers and offshore manufactures.
Asking Price: $230,000 + SAV (approx. $120k)
For further information please contact Fabrizio Panchetti on 0416 981 981
Listing ID: benchmark_74_663
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