This well-established and beautifully presented multi-store furniture business is a mature well oiled business that has been operating profitably for over 20 years.
Operating on the stunning mid-North Coast of NSW, this string of businesses is ideally located in the heart of the area's major shopping mega centers.
Revenue $8.93M +
Gross Profit $4.75M +
FY24 EBITDA $1.96M +
5 year average EBITDA: 2.38M
The business has recently added a newly opened location, enhancing the group's financial performance to new record highs. Revenue and EBITDA projections are $11.2M - $11.5M and $2.7M - $3M respectively.
The business sources both Australian and imported furniture for living, dining, outdoor, bedroom, and office. Their catalogue, offers affordable furniture through to high-end and bespoke range for more discerning customers. Many items are offered exclusively for sale in Australia. The business operates on strict stock turn and clearance sale principles to maximise returns.
The business comes with robust operational procedures and policies and a sound organisational structure.
Each location has a Store Manager and 2IC. The owner is responsible for overseeing the collective strategy of the group of stores in collaboration with the Store Managers, by working on their forecasting, and sales targets, and aligning these needs to the supply chain when sourcing inventory with suppliers.
Consistent gross profit and key expenses over the last 5 years, demonstrate this business has a sustainable pricing and cost model.
These businesses are suited towards a Purchaser who has experience in any of the following skills: Sales, Design, HR, Importing, Logistics, Marketing.
The business represents a rare opportunity to acquire a very well-established and proven business model with limited competition per capital.
Key Features
New Location Opened in November 2024 adding $2.4M+ PA
Low wages of 14%
Low rent of 6%
Levels of professional management at each location
One freehold can be offered for sale
20+ years of trading history, first time offered for sale
To fill out a confidentiality agreement on this business copy the following URL in your browser and follow the prompts https://www.vbaaustralia.com.au/post/highly-profitable-multi-store-retail-and-import-furniture
Or for further details contact Dan Levitus at 0450 326 146.
Vision Brokers & Advisors
'Turning Vision into Certainty'
www.vbaaustralia.com.au
