Outdoor Furniture Specialist - North Queensland
Outdoor Furniture Specialist - North Queensland
Industry :
--Sub Industry :
Phone enquiries - please quote property ID 27998.
Looking for a Lifestyle Change?
This is truly a once-in-a-lifetime opportunity to purchase a well-established key business in a growing regional area.
ABOUT THE BUSINESS
Well established retailer and recognized as outdoor furniture specialists, the business has been proudly supplying quality outdoor furniture for over 16 years. Starting as a franchisee of The Outdoor Furniture Specialists has grown into an independent brand providing lifestyle furniture products in NQ. The business has an exceptional reputation for quality products and a high level of customer service.
GROWTH OPPORTUNITIES
Website developed over 12 months ago with online sales.
Opportunities exist to increase website sales and ship products Australia wide
Opportunities exist to expand product lines.
COMPETITIVE ADVANTAGE
Largest outdoor furniture retailer in Mackay and North Queensland. Only specialist outdoor furniture retailer.
For a new owner/investor - an easily managed operation.
DETAILS & PRICING
SHOWROOM – Leased 742m2 Showroom and Back/Pickup area.
Upstairs offices 71m2, amenities, staff room, kitchen
Car park
Lease expiry 30/11/22 Plus 3-year option
WAREHOUSE – Rented 600m2 with racking & mezzanine floors
SALES
Excellent Margins
Over 16 years same owners
Limited direct local competition
Strong product offer with stock on hand
Guaranteed 12 months income in advance based on stock already on hand
REASON FOR SELLING
Owners semi-retiring.
SALE OPTION 1
Buy the brand, business
(includes all shop fittings, equipment) Vehicles not included
Existing Shop Lease
Rent the Warehouse
Asking Price: $730k
+SAV $250 - $500k Currently $530k (peak season)
*SALE OPTION 2
Buy the brand, business (includes all shop fittings, equipment) Vehicles not included
Existing Shop Lease
Asking Price: $730k
+SAV $250 - $500k Currently $580k (peak season)
PLUS
*Buy the warehouse and the 4 bedroom house (One Title- Zoned Rural)
Price: $1.4 million
*THE WAREHOUSE & HOUSE
Warehouse & house are situated on one (7404m2) block of land separated by structural fence and side of the shed.
The warehouse is 600m2 and 6 m high. Fitted out with Pallet racking and 2 mezzanine floors for furniture storage. Toilet, shower, bar fridge. Forklift walk
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
No Agent Business enables you to sell your business or commercial property using a for sale by owner (FSBO) method, without paying any commissions. We cater for all business and commercial property types.
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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