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REGIONAL VICTORIA FAST GROWING RETAIL OPPORTUNITY

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REGIONAL VICTORIA FAST GROWING RETAIL OPPORTUNITY

Independent Business Melbourne 3000, VIC $1,400,000 plus SAV (stock at value)
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This premium independent furniture retailer represents an exciting opportunity to own a destination bricks and mortar + online retailer in regional Victoria.

MAT (Moving Annual Total) sales of $2.69 million as at February 2021.

This business is positioned at the premium end of the retail furniture market and enjoys healthy gross and net profit margins as a result.

This business represents a huge opportunity to two types of prospective buyers:

• A corporate chain seeking to add a regional ‘superstore’ in a growing regional Victorian location; or
• Private buyers (including partnerships and couples) seeking to lifestyle change in regional Victoria. What better way to make your tree/country change than to acquire a thriving local business with a bright future!

This high quality business offers:

• A brand established for over 15 years
• Fast growth, with 51% growth financial year-to-date (to March 2021) vs. same period last financial year.
• Strong profit margins
• A history of profits
• High quality e-commerce website supporting both online and ROPO (research online, purchase offline) sales
• Strong supplier relationships

There is a General Manager in place in addition to the full-time working owner/Director.

Industry experience is helpful but not essential. The current owner/Director fills the interior designer role for the business, and this could be replaced by an employed position if the buyer is not skilled in this area.

Asking Price: $1,400,000 + Stock at Value (SAV)

Further information can be provided to suitable parties on completion of a confidentiality agreement and discussion.

*Images displayed are illustrative only and not images of the business itself or business equipment.

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