Link Business

ALL OFFERS WILL BE CONSIDERED. Bedding Retailer $199,000 (16214)

Listing: #ME01714

Nadia Polzella

Broker | Melbourne

Nadia Polzella

+61 3 9819 4211

0451 858 897

About this Business for sale in Melbourne

ALL OFFERS WILL BE CONSIDERED. Bedding Retailer $199,000 (16214)

Huge opportunity not to be missed!

This business is being sold with the option to purchase $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 locations of the business are situated in prominent Northern Melbourne and Eastern Melbourne suburbs on busy main roads.

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

+61 3 9819 4211
0451 858 897

Nadia Polzella

Enquire Now

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.