Investor Opportunity - Annual Sales FY2022-24 $4M+ $800K Profit
Business ID: XB160358
Established by the current owners 43 years ago, this buoyant business has created an excellent income and lifestyle for the working owners, both of whom are retiring.
One owner focuses on operations and administration while the other focuses on rug sales and ensuring the showroom is immaculately presented at all times.
- Annual sales FY22-24 $4M+
- All work In progress to a new owner at no cost
- All deposits held at the time of sale to a new owner
- Owners + 3x F/T and 2xP/T employees
- 9 x contractors for installation and removal
- 5.5 day working week (no late nights or Sundays)
- 1200sqm premises with 16 parking spaces+
- Over 500 rugs on display at any time on
- NSW and National store of the year 2018
- NSW and National store of the year 2019
Both owners will provide a 2 week handover after settlement and the owner who looks after the operational aspects will stay for up to 3 months to assist a buyer who may come from outside of the floor covering industry.
This is an outstanding Franchise business with only 1 supplier bill to pay each month on top of the weekly bills from the installation teams. It is therefore easy to administer and the owners take a 4-day weekend every second week.
Unique Franchise operation with store owners becoming part owners of the Franchisor, Rebates from the Franchisor can offset any fees.
The buying process will take a minimum of 2-3 months to complete for the buyer to receive approval and become a shareholder in the Franchisor.
Franchise terms last for 10 years.
Asking Price: The goodwill and assets of the business are for sale for $1.1M plus SAV. The owner buys stock of top-selling items in bulk to minimise freight costs and takes advantage of manufacturer discount deals on the right stock. SAV is around $750K and the owner will discount this to encourage a sale.
Property Code: 4146
