Sellers Ref: (GJ1175)

Location: New South Wales - Sydney -South West

Category: Service

Asking Price: $ 300,000
Sales revenue: Undisclosed
Net profit: Undisclosed
Furniture/Fixtures value: Undisclosed
Inventory/Stock value: Undisclosed

Furniture - Homewares - Partnership Opportunity - South West
SBX Business Code: GJ1175

Major Australian furniture retailer currently located in Sydney, with exclusive overseas manufacturing is looking to expand nationally. Expected turnover per outlet is $1-2M per annum at 55% GP, with 14 outlets proposed within 3 years. This company established its own manufacturing plant offshore 4 years ago in order to supply stock and new designs exclusively to its retail outlets. Designer furniture @ online prices - the inexpensive pricing is a deliberate sales strategy for the competitive Australian environment. 50% partnership is offered.

Potential
Huge potential to increase sales at very high profit margins by expanding the number of sales outlets. Ideal opportunity for an active investor with marketing or interior design skills.

Features
Owner will consider selling separate State territories at $150K, each with 50% share, with full investment going into the business in that territory. New website and online Ebay store. Established 7 years in Sydney with consistent high turnover.

Premises
Two levels, 4 showrooms, office, onsite storage space for containers and container access with an area of 1132 sq. mts.

Location
High profile corner position on main road in Southern Suburbs of Sydney adjacent to bulky goods and homewares outlets

Comments
The owner will work closely with the new partner to source new store locations, set up stores and help with marketing and sales.
Total price for 50% partnership for Australia wide only $400,000 including current stock of $100,000. With full repayment of initial investment, retained 50% shareholding, and budgeted sales reaching $14M in 3 years, becoming involved in this business is a great investment for future.
P&Ls available following interview.

Figures
Weekly Sales $0
Rent (ex GST) $0
Wages $0
Profit $0

View the latest information about this business.

See more from SBX Business Brokers.

Employees: Husband and wife team operation
Trading Hours:7 days: Mon - Sat: 9am - 5pm, Sun 10am - 4pm