Business ID: XB147784
RTO's average 3 years $637,000
The business has been in operation for 25 years and at the current retail site for the last 20 years following the purchase of the premises by one of the Directors. They also lease a warehouse close by for furniture storage and the reconditioning of white goods for resale in the showroom.
They service a wide range of clientele, 55% of which are made up of Retail Customers, 25% are made up of Government Departments and 20% are directed to Religious Organisations.
- Only retailer specializing in lower socio-economic customers
- Major supplier to government and not-for-prot organizations
- No competitors doing this on the same scale
- Broad range of items, both new and used
- Fast stock turnaround, stock readily available
- Excellent customer service
- Minimum 3 months warranty on secondhand goods
- All used electrical items are reconditioned in-house at the factory
- Potential to expand to other non-serviced areas e.g., Murray Bridge, Mt Barker, Noarlunga, Elizabeth etc.
- Plays a valuable part in the recycling industry
The Vendor is willing to offer a 28 day hand over period which will form part of the Business Sale Agreement
The business would suit a stand-alone operator or family partnership looking to further build upon the success of this 25-year operation.
Asking Price: Goodwill Plant and Equipment $290,000 plus SAV estimated at $300,000
Property Code: 2488
