Exceptionally Profitable Variety Store - Currently run Under Management - NSW
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
Business ID: BS9717
$80k pa Profit to Owner. Great Location. Prominent Position. Fully Staffed.
This well known discount variety store is part of a 25 strong network of independently owned and operated stores, operating in QLD and NSW. The business benefits from having well established suppliers of a wide range of products that can be purchased at attractive prices resulting in gross margins of around 55%.
• Annual turnover exceeds $830,000
• Very impressive GM
• Owner works on business about 7 hrs per week and visits once per fortnight
• Staff manage daily operation of the store
• Initial investment in P&E/F&F exceeded $70K
• Excellent network of established suppliers
• Quality products and reputation for excellent service
The vendor is keen to assist with the transition to new ownership and will provide a 2 week handover to familiarise the new owner with the operation of the business and provide an introduction to all key suppliers.
Established for only 18 months, this fully setup and staffed retail business is already generating a good profit for the owner when run under management. A significantly stronger income would be available to a full time working owner or working family. This is a turnkey operation ready for immediate operation by a new owner in time for the peak trading period at Christmas.
Asking Price: The business has been listed for sale at the very realistic price of $80,000 plus SAV. Stock levels vary with the time of year and deliveries but are typically held at a value of around $80,000. The asking price includes Goodwill, Plant and Equipment, Fixtures and Fittings.