SOLD - Market Leading Retail Business for Sale
Multi-Site; Christchurch
$6,600,000 including stock & plant - Christchurch
Business Highlights
- Annual sales exceed $10m + GST with EBITDA circa 20% of sales
- Stock and plant of $2.2m included in the purchase price
- Market leadership within its sector
- High profile, high traffic stores
- Significantly improving on-line offering
- Low/no customer risk
- Significant purchasing power
- Established, experienced & capable staff
- GP circa 40% of sales
- High volume of sales to a high volume of customers
- Structural demand drivers reduce impact of macro-economic variations
- Several clearly identified opportunities for additional growth
- Excellent systems, processes & software
The owner works fulltime in and on the business, but not within a store operational capacity. Their weekends are free and they have built a team with the capability of covering operational roles at store level. The buyer is likely to be a high net worth individual or perhaps a small private equity group of like-minded investors.
The purchaser may want to take on the existing management role covered by the vendor, or they may have (or recruit) a capable General Manager that they are happy to introduce to the business.
Net Surplus 2021 EBITDA $1,625,102
2022 EBITDA $2,341,566
2023 EBITDA $1,929,187
2024 EBITDA $2,100,000 forecast
EBITDA: Earnings before Interest, Tax, Depreciation and Amortisation