Internal Ref: RB 333
Summary
Retail of mattress & bedding products Sales: $2,000,000 approx. NET Profit: $350K p/a incl vendors wage Price: $850,000 + stock approx. $150,000
Revenue
$2,000,000 pa
Net Profit
$350,000 pa
Reason for Sale
Retirement
About the Business
Retail of mattress & bedding products
Sales: $2,000,000 approx.
NET Profit: $300-$400k PA includes vendors wage
Price: $850,000 + stock approx. $150,000
Rent: $14,000 per month both for retail and warehouse
Snapshot (not forgetting Covid and being shut for 4 months)
Since 1st Jan 2020 till 31st Dec 2023 Turnover 7.2 Million, 3.3 Million GP @ 49.80%
• Established in 1992 – 31 years ago
• Well-known and successful business with excellent momentum
• One-stop shop for bedding products – excellent range
• Member of a strong group of bedding retailers, offering access to the best suppliers and products.
• 9/5 Stars on Google (over 60 reviews)
• Over 36,000 followers on Facebook (where we do some of our targeted marketing)
• 30% Online Sales
• Vendor retiring
• 50% GP
• Tap into significant growth avenues, shared by the retiring vendor
• Average sale $1,500
• NDIS Approved Provider with a large network of Occupational Therapists who only shop with us.
• Low Staff Turnover, Years of experience in the business with the current staff roster.
This business specialises in the sale of bedding products including mattresses, beds, pillows and other associated bedroom products.
This is an excellent trending and continually growing industry with the latest diverse range of products and an efficient operation model led by the vendor.
You’ll see that the business has a significant database of quality repeat customers, including a large network of OT’s through the NDIS bringing clients in with an average sale of well over $5k and a great margin.
This business is run from a prime Northern Beaches location with great street frontage and exposure from surrounding shops.
No technical knowledge is required and a comprehensive training and transition period will be offered to support the new owner. Owner would be happy to stay on as ‘staff’ for a longer paid period too if preferred by the buyer.
To seize this unique opportunity, contact Rad Benicky at 0411 610 005 or during business hours at 02 9413 2977.
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