Designer Furniture & Homeware- $185k+stock (12929)
Designer Furniture & Homeware Store - Melbourne CBD
Hot Brand for Acquisition!
This well-established business began operating in July 2008 and is regarded as one of the premier upmarket furniture and homeware stores in Melbourne. Instead of mass market merchandise sold at the big retailers, this business focuses on local, natural, organic and fair trade products carefully sourced from Australian and international brands. The business is successfully positioned in a premium niche market.
The business generates good cash flow for the absentee owner who does not work in the business. The operating revenue for the 2016FY was in excess of $1.1m and the vendor has advised that the Owner's Discretionary Income for the same financial year was $120,000. In addition to its retail sales, the store has a fully established website, social media presence and large database of dedicated customers. Further opportunities lie in the expansion of the current website and online marketing. Stock value is approx. $150,000. As part of the lease agreement the business comes with separate office/living accommodation (currently sublet). A comprehensive handover with medium/long transition will be provided to support the next business owner with no previous experience necessary.
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