Well Established Electrical Appliance Retailer in Charters Towers

3 days ago

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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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