Wholesale of Furniture Imported from China

Seventeen Mile Rocks QLD
Asking Price $450,000 + S.A.V.
About

This wholesale business has been in operation for more than 20 years.

 

Their furniture are sold at Harvey Norman, Forty Winks, Snooze, Bed Are Us plus many other groups and independent retailers.

 

So far, office furniture and bedding sets have been their focus, but, aster moving to a new premises in October 2023, the range will expand to include sofas and dining sets.

 

At the new premises, retail side of business will be added.

 

Much larger size, almost 1,500 m2, of the new premises, will provide a space for containers.

 

Currently, one full-time manager and one casual staff for delivery work for this business.

 

Opening hours

Wholesale:

5 days/week

Monday – Friday: 10:00 am – 4:00 pm

Delivery:

5 days/week

Monday – Friday: 8:00 am – 12 noon, or 10:00 am – 2:00 pm

Key points:

  • Size of premises: from 1 October 2023, 1,477 m2
  • Lease: new lease from 1 October 2023 for 4 years with Option of 1 x 4 years
  • Annual rent (from 1 October 2023): $91,637 (annual increase of 3.5 %) plus outgoings of $1,500 to $2,000 per month.
  • Total sales for the financial year 2023: $1,155,000
  • Net profit before income tax for the financial year 2023 (after adjustment): $138,000

Asking price: $450,000 + SAV ($200,000 – estimate)

For further information about this business, please complete the Purchaser Registration and Confidentiality Agreement by clicking Forms/Business on www.xxxxx: or

Please call Sunny on xxxxx

(The image used is for display purposes only and does not reflect the business advertised for sale.

Ref Num: 913
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