Business for Sale, Discount Furniture & Bedding Retailer

Reference Number: GGB123
Location: Regional City - South East Qld
Category: Retail / Suppliers / Wholesale

Asking Price: $395,000 +SAV
Annual Turnover: $1,622,066
Status: Available

Business Description

• Large South-East Queensland regional city
• Exceptional turnover & profit—Will net one working owner $280K+
• Currently run by one owner
• Excellent lease in place
• Long-standing business with year-on-year steady sales

This discount furniture and bedding store was first established in this major south-east Queensland city in 1995 and has been run successfully by the current owner for the past 11 years. The only true furniture and bedding discount retailer in the city, this store’s main competitors include Harvey Norman, Forty Winks and other high-end retailers tha t do not cater for the range of customers that this business does.

Products range from new lounges, sofas, sofa beds, bedding, dining, cabinets, chests and general furniture to second-hand furniture and bric-a-brac. The business has agreements with various Brisbane manufacturers giving them exclusive access to good quality, low-cost furniture ranges and a prime advantage over their competitors! The business also buys large furniture lots from manufacturers’ closeouts and overstocks.

A new business owner would require a second-hand dealer licence as approximately 10% of the turnover is in second-hand furniture and bric-a-brac. Sales could additionally be increased by offering trade-ins on second-hand furniture—yet another arm to the business to add value!

This business is offered with two vehicles for delivery and pick-up of goods—although the business sells to areas up to 150km away, 95% of business is within the immediate city area.

The business is currently being operated by one working owner, however the opportunity exists to increase profit further with a husband-and-wife team taking over the day-to-day running of the business, thereby reducing wages by approximately $40,000.

This long-standing, excellent business has consistently high turnover, outstanding trading figures, and is well supported by locals and others—a very unique opportunity to enter the furniture retail industry and a must to inspect.

Broker Details

Broker: Grant Sulzberger
Phone: 07 5479 0055
Mobile: 0407 002 318
Email: grant@coastalbrokers.com.au

For More Information...

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