A Great Retail Business - Whangarei - Profitable!
$329,000+SAV+gst if any
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About this business for saleA Great Retail Business - Whangarei - Profitable!
A well known established business which the Vendors have grown and developed over the last 10 years to achieve consistent annual revenues in excess of $1m.
Committed to great service and focused on providing highly quality products at a low price, the business has developed a strong reputation as a destination factory outlet for a wide range of bathroom supplies which include showers, toilets, bathtubs, spa baths, vanities, tap ware and indeed the whole produce mix in terms of bathroom supplies.
This business has strong brand recognition in Whangarei and Northland. This not only means a solid retail customer base but also regular repeat business from local building contractors who purchase fittings from Plumb' In themselves or recommend that their clients visit the factory outlet personally.
This franchise business is 1 of 4 businesses in a franchise group, the others being in Auckland (Albany & New Lynn) and Christchurch. As such, this is a fully supported operation so that a new owner will be in business for himself but not by himself. Operational procedures, IT systems, group buying discounts and personal support/training from the franchise owner are all in place. The current business owner will also be available for a period of transition as required.
This is an excellent opportunity to secure an established, profitable business serving the growing community of Northland.
Asking $329,000 plus SAV
*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.