Two Locations; Franchise with Great Support; Established and Credible
$80,000 + SAV (Approx $350,000) - Christchurch
With annual sales consistently exceeding $1m + GST across both stores, this business caters predominantly to the retail 'DIY' market. Both sites are well established and enjoy an excellent reputation and a loyal customers base.
The locations are within a 10 minute drive of each other, and both towns are experiencing significant population growth.
The brand is very well supported by its Franchisor and parent, so a new owner can rest assured that they will be well looked after from day one. The stock alone can be sold at retail for over $600k!!
The ideal buyer could be an individual, or a team of two (i.e. Couple, Parent/Child, etc). It is currently being managed effectively by one person. An interest in retail, customer service and/or home improvements/gardening would prove beneficial to the new owner.
The owner has reached his ‘twilight years’ and also works full-time dealing with his other business interests. The business is currently being managed by a family member of the owner, creating a real opportunity for a new owner/operator to work both in the business and on the business, as a focus on new sales and further efficiencies could reap great benefits.
Net Surplus $152,000 EBPITD