Approx $300k NET profit with potential for even more. Massive price reduction, now only $75,000 + SAV
6 Collie Street, Fyshwick, ACT, 2609
Just Looking Furniture is a wonderful, high profit business selling for only $195,000 plus stock at value. Making around $300,000 net profit annually with potential to grow, don’t miss out.
Even though hugely successful, there is plenty potential to market and grow. Online ordering and strong social media will increase already large brand awareness hitting the next wave of life long customers.
Reason for Sale
After enjoying many successful years, time has come to allow someone else to share in success while the current owner looks forward to lifes next adventure.
About the Business
Stunning, established furniture store in the heart of Fyshwick only open 6 days per week, 43.5 hours per week. What a wonderful, lifestyle business.
Providing quality, Australian made furniture to Canberrans for the last 42 years, not many businesses have the infrastructure to not only stay current and successful, but to thrive over many decades.
What makes Just Looking Furniture unique? Almost the entire, quality product range is manufactured right here in Australia. With more and more people demanding local rather than cheap, imported, generics, locally owned Just Looking Furniture provides the quality Aussie products desired.
Is there any potential for growth? Operating only 6 days a week and without major social media push or online ordering, there is huge potential to push this business beyond its current, extraordinary successes.
Who does this business suit? Easily run by 1 owner/operator. However, a partnership with 2 people not needing staff would have made in excess of $375,000 net profit in 2017. Requiring only approximately 75 hours people hours per week, 2 people working 37.5 hours could easily manage. Perhaps a partnership with 3 people working 25 hours per week each taking home $125,000 on 2017 figures. This business has the potential and ability to support 2 families. What do you want out of Just Looking Furniture?
Why sell such a highly profitable business that could be run under management? After many years of successful operations, the owner has decided to take on life next adventures opening up the prospect of a new owner coming and driving this business deep into next decade and beyond.
What’s holding you back? Dream of a better life. Call Andrew from Summit Business Brokers today on 0418 676 400 for more information about this wonderful opportunity.