FANTASTIC RETAIL OPPORTUNITY IN WELLINGTON

$1,800,000Wellington Greater AreaListing: #EL00711


Wellington Greater Area  


$1,800,000


Franchise
Refer to Broker


About this business for sale

FANTASTIC RETAIL OPPORTUNITY IN WELLINGTON

Palmers have been an iconic New Zealand brand for almost 60 years.  They are excited to be opening a new retail store with a café in the heart of Petone, Wellington.

The new store offers a whopping 1100m2+ of floor space, a Botannix café and plenty of onsite parking.

The store is due to open in October, so a new owner has still got time to be involved at the early stages and have some input.

There are very attractive lease terms in place for the first year and a generous rent relief in years two and three.  The opening date will take advantage of the spring and summer seasons and will enable a new owner to bank the cash from day one!

If you have management experience in a retail environment, or one of the ‘Big Box’ stores then this could perfect for you. This large store includes several different departments and a Botannix café.  There are two options available: the entire store including Botannix cafe, or the Botannix cafe can be sold as a separate standalone business.

You will get full support, training and ongoing guidance from the very experienced support office.

If this sounds like you, give me a call or email now.

Investment of $1.8 million for the store and cafe (includes stock).  

The cafe only option is $450,000.

Call Laurel McCulloch

021786813

or Paula Moore

021334 699

Reference: EL00711

Auckland - Ellerslie
laurel.mcculloch@linkbusiness.co.nz
+64 9 555 6034
+64 21 786 813
Auckland - Ellerslie
paula.moore@linkbusiness.co.nz
+64 9 555 6005
+64 21 334 699

Paula Moore

*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.