Summary
Zapps Bi-Rite Home Appliances are a locally owned and operated electrical appliance store in Charters Towers, North Queensland. Charters Towers is on the cusp of a high growth period.
Revenue
$2,000,000 pa
Rent
$28,000 pa
Location Details
Busy main street location with lots of foot traffic and easy access
Potential
Expand into home furnishings
Skills
Business operation, customer service / people skills
Hours
Monday to Friday 9.00am to 5.00pm
Saturday 9.00am to 12.00pm
Lease
The seller owns the building but happy to give 5 years + a 5 year option
Employees
2 x Owner Operator – 38 Hours/week
1 x Floor Manager – 38 Hours/week
1 x Claims and Salesmen – 25 Hours/week
1 x Salesmen – 24 Hours/week
Reason for Sale
Been in business a long time & is ready for retirement
About the Business
Zapps Bi-Rite Home Appliances are a locally owned and operated electrical appliance store in Charters Towers, North Queensland. With Charters Towers being on the cusp of a high growth period, this business is the perfect opportunity to get ahead of the growing demand in the market with an already considerable income.
Why you should purchase this great business opportunity:
• Well Established (50 Years)
• Excellent reputation
• Incredibly Strong Cash Flow
• Plenty of Repeat Customers
• No Franchise Fees Payable
• Fantastic POS System with Back-Ups
• Great Location
• Continual Workflow
• Provides a Great Lifestyle
• Very Profitable Business
• Well Known Amongst Locals
• Well-Presented Business
• Great Online Presence
• Experienced, Long-Term Staff
• Easily Run
• Simple Business Model
• Trades 5.5 Days a Week
Zapps Bi-Rite Home Appliances sell electrical appliances from all the major home appliance brands. The business provides Charters Towers with any product that their household may need, whilst also giving them an excellent service experience along the way. With their great local reputation, they have built themselves a loyal customer base which can be seen through their glowing reviews on Google. Having a loyal client base returning for the fantastic service has allowed the business to excel and generate an impressive net profit.
The business is run out of a shop space on Gill Street in Charters Towers City, this location serves also serves as a showroom for their extensive product range. Being in a high traffic area gives them great street frontage and easy access for foot traffic to stop by and see the latest range of products they have to offer.
There are growth opportunities with the business by simply buying it now, currently there is a large military facility being built nearby in Greenvale, as well as Charters Towers being the gateway to a large mine run by Bravus (previously Adani). Charters Towers is seeing some fantastic growth as a region, and this will only continue with all the scheduled projects in the pipeline for the area.
After the business becomes yours, the current owners will gladly give you a generous period of tuition to ensure you are accustomed to running the business and understanding the services when the time comes.
The current owner of the business has been running it successfully for 18 years now but have decided it is time to step back and semi-retire. If this profitable home appliance retailer interests you, give us a call today!
History
Current owner has had the business 20 years
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