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Sold

Highly Impressive Business $$$

SOLD

•    *Managed return of $378,000
•    Consistent year on year annual growth
•    50% + Gross Profit and 20% + Net Surplus of sales
•    Long standing manager and loyal team of staff
•    *Minimal hours required from owner
•    *Niche market with significant barriers to entry
•    Excellent systems

Established in 2007 this managed Auckland retail business is highly profitable requiring minimal hours from the owners. Easily run with an experienced, reliable manager this business has secured a difficult niche market to break in to, with significant barriers to entry.

A rarity in the retail world, this is an exceptional business experiencing gross margins of over 50% and net earnings of over 20% of sales. Year upon year the business has produced exceptional earnings and the 2020 surplus was $378,000.

With the consistent stable profits and a good amount of the asking price comprising of stock and assets, the banks should look favourably upon lending to the business. This is a rare opportunity to find a profitable, largely managed operation that a new owner can have confidence that the experienced staff can operate the business on a day-to-day basis.  With consistent sales growth, consistent profits, excellent systems, an experienced loyal team of staff, and owners willing to offer an excellent handover a new buyer should feel secure with their investment.

With a multiple of 3.15 x the managed earnings the business presents an exciting proposition for the astute buyer or investor - enquire now to find out more.
 
Asking Price: $1,193,000 Which includes $305, 000 stock and $29,000 assets.

To learn more visit www.barkerbusiness.co.nz/BBS2703, register your details and submit the online Confidentiality Agreement and Alan will be in touch. Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2020.

*Source: Information supplied by the Business Owner or the Owners Agent(s). Licensed REA 2008. Copyright Barker Business Brokerage 2020.

Details

Region Auckland
Price SOLD
Business ID BBS2703
Category Retail

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