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FIRE SALE! Bedding Retailer Including Inventory, Bank Guarantees & Equipment. $799K (16214)

$799,000

FIRE SALE! Bedding Retailer Including Inventory, Bank Guarantees & Equipment. $799K (16214)

Huge opportunity not to be missed!

This business is being sold with $250,000-$300,000 worth of inventory. Included in the sale is the plant & equipment along with the website which is valued at $165,000 also comprising of a fully branded delivery van. The business price also includes bank guarantees on two premises; the locations of which are situated in prominent Northern Melbourne and Eastern Melbourne suburbs on busy main roads. The bank guarantee relating to Eastern Melbourne sits at $72,600, whilst that of the Northern Melbourne premises is at $138,255. Therefore, both premises hold a combined rental bank guarantee of $210,855 which is included in the business price, so this amount shall be returned back to the purchaser on the exit of both premises.

With approximately 50 suppliers, this retailer receives 50% of the stock from manufacturers local to Australia. Exclusive trading terms are in place with a leading Australian manufacturer who supplies only this bedding retailer with custom designed beds.

Key points on the business opportunity :
• 2 x store locations – 1,000 sqm each
• Combined Sales of 2019 $2,491,489
• Combined Sales of 2020 - TBA
• Combined Gross Profit including supplier rebates 47%
• 6 employees
• Retail Express POS + Xero accounting package operating in all 3 entities
• E-commerce website
• Mercedes Benz LWB sign written delivery van
• Marketing managed by Store Manager
• Supply chain and trading terms consisting of 53 suppliers
• Exclusive trading terms with Australian manufacturer suppling only with custom design beds
• Payroll + accounts managed by bookkeeper 1 day per fortnight
• Lease ends 2023 July / September providing new owner flexibility to negotiate new lease

For more information please contact Nadia Polzella from LINK, formerly Klemms on the below:
Phone: 0451 858 897
Email: nadia.polzella@linkbusiness.com.au

Business Snapshot

Price: $799,000 Takings: $36,000 p/w

Listing ID: 16214

Overview

  • Listing ID 16214
  • Status For Sale
  • Location MELBOURNE
  • State Victoria
  • Price $799,000

BROKER CONTACT

Nadia Polzella
  Contact Us
  LINK Business Melbourne

551 Glenferrie Rd
Hawthorn VIC 3122

Tel : + (61) 3 9819 4211
Mail : email enquiry
Business Hours : M-F 9:00 - 5:00