OUTSTANDING BUSINESS LEISURE INDUSTRY
Stock Included: Yes
Stock Value: —
Years Est: 15
Gross Revenue: $10,000,000
This outstanding business allied to the leisure industry is one of Perth’s leading operations in its field. It is a true one stop shop for its customers and offers excellent range of products and services covering all sectors of its market. It has a very good name in the industry, built up as a result of providing many years of service and quality product to its customers. Together with an excellent air conditioned showroom and administration facilities the business is professionally positioned and offers customers an extensive range of products with many exclusive brands.
The premises are a very substantial and are a premium commercial property holding ideally suited for the purpose of operating the business. The property is approximately 5,000sqm and is owned by the family that owns the business. Accordingly, the property is offered for sale as an option for the buyer together with the business. Alternatively the business is offered with a very good lease in place for the buyer (with an option to purchase in the future).
The business operates with an excellent website and has developed a separate on-line store with a national footprint.
The business operations are streamlined and professionally run by staff and their general manager and departmental heads in the various parts of the business. The Owners only work in an overseer role, being able to take extended periods away from the business whenever they desire. All the everyday operations are fully controlled and run by the staff. The business is fully systemized with all procedures and staff in place and offered for sale with the ongoing management team. There is additional scope for an owner operator or partnership to work in the business fulltime thus adding to the strength of the business and in due course, grow the profits.
It is important to note and advise the buyer that since 2001 when the business was established over 15 years ago, the business has sold close to $150,000,000 in product in Perth. It is a growing market and sales will continue unabated. The product cannot be superseded, deleted or replaced and is sourced and manufactured in Australia from a number of suppliers and thus the business is also insulated from currency exchange rate factors. Manufacture in Australia of these products today is four times the number 20 years ago. It is a huge growing industry throughout the country. Latest data (available on request) to 2015 has shown a year on year growth in this market in Australia averaging 8.3% pa.
Sales turnover for the business in the past financial year 2015 was $10,673,987. The business has had some very successful trading years under the stewardship of the Owners and has weathered changes in the economy, booms and changing product trends over the years and is testament to its solid foundation and excellent reputation as one of the best of its type in WA.
The Business is offered for sale for $3,110,000 inclusive of stock and plant.
As an option, The Freehold Premises are offered to the buyer of the business for $3,500,000
For an Information Memorandum, suitably qualified parties are invited to register their interest for further particulars by emailing or telephoning John Papamatheos on 0418 514 577.
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