For Sale: $6,650,000 + SAV
Business Overview
This well-established and beautifully presented multi-store furniture business has been operating for over 20 years.
Operating on the stunning mid-North Coast of NSW, this string of businesses is ideally located in the heart of major shopping precincts.
Revenue $9.3M
Gross Profit $4.6M
EBITDA $1.7M
The stated EBITDA is after the GM salary of $150,000 (not including).
The business sources Australian and imported furniture for living, dining, outdoor, bedroom, and office. Their catalogue offers affordable furniture through high-end and bespoke ranges for more discerning customers. Many items are offered exclusively for sale in Australia. The business operates on strict stock turn and clearance sale principles to maximise returns.
Each location has a store manager and 2IC. The owner is responsible for overseeing the collective strategy of the group of stores in collaboration with the store managers, by working on their forecasting sales targets and meeting these needs to the supply chain when sourcing inventory with suppliers.
Total wages as a percentage of revenue is 14%, with rent at 6%. Consistent gross profit over the last 5 years indicates this business has a consistent and sustainable pricing and cost model.
The business can be run remotely, similar to the current owner's management style.
This business is suited for a purchaser with experience in the following skills: Sales, HR, Import, and Marketing.
Key Features
Revenue $9.3M
Low wages of 14%
Low rent of 6%
Levels of professional management at each location
One freehold can be offered for sale
20+ years trading history, first time offered for sale
Buying a business is easy with Vision
"We understand that as every business is different, so is every buyer. Ask your broker about the information the Vendor will make available as part of due diligence so you know what to expect at the beginning of the process."
Dan Levitus
Senior Partner
Licensed Business Broker
m: 0450 326 146
t:Â Â (02) 8923 2632
Daniel Kogan
Senior Partner
Licensed Business Broker
m: 0401 620 918
t:Â Â (02) 8923 2632
The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained in this business.