Regional Victoria Fast Growing Retail Opportunity - 45% Sales Growth Fy21

Business For Sale Melbourne, Victoria 3000

Business Category Hardware

$1,400,000 plus SAV (stock at value)

Description

Regional Victoria Fast Growing Retail Opportunity - 45% Sales Growth Fy21

This premium independent furniture retailer represents an exciting opportunity to own a destination bricks and mortar + online retailer in regional Victoria.

FY2021 sales turnover +45% vs. prior year.

This financial YTD, sales are up by a further +15% on same time prior year (as at week 45). $74,000 weekly sales average YTD (incl GST).

This business is positioned at the premium end of the retail furniture market and enjoys healthy gross and net profit margins as a result.

This business represents a huge opportunity to two types of prospective buyers:

• A corporate chain seeking to add a regional ‘superstore’ in a growing regional Victorian location; or
• Private buyers (including partnerships and couples) seeking to lifestyle change in regional Victoria. What better way to make your tree/country change than to acquire a thriving local business with a bright future!

This high quality business offers:

• $3.1 million revenue in FY2021
• A brand established for over 15 years
• Strong profit margins – both gross and net
• A history of profits
• High quality e-commerce website supporting both online and ROPO (research online, purchase offline) sales
• Strong supplier relationships

There is a General Manager in place in addition to the full-time working owner/Director.

Industry experience is helpful but not essential. The current owner/Director fills the interior designer role for the business, and this could be replaced by an employed position if the buyer is not skilled in this area.

Asking Price: $1,400,000 + Stock at Value (SAV)

Further information can be provided to suitable parties on completion of a confidentiality agreement and discussion.


*Images displayed are illustrative only and not images of the business itself or business equipment.
Contact Seller
Michael Thompson

Bsale ID: 579148
Broker REF: 6991884

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