Retail Business in Tourist Resort
About this business for sale in Thames-CoromandelRetail Business in Tourist Resort
Currently a managed business for the owners, there has still been an attractive return on trading over the years of ownership. The business occupies a niche position in this resort township and the stock lines are popular and fast moving throughout the year.
The lease rental cost reflects less than 10% of annual turnover and the main street location provides excellent visibility to passing traffic. Ideally suit a couple to operate with additional part time staff in the summer months. There is so much potential to develop the business in this permanent and holiday home location.
Currently, the business cash surplus to one working owner is $111,161 and this is expected to increase with this years result. The premise has plenty of space to introduce new complimentary stock lines. Here is a one-off opportunity to work for yourself and enjoy the Coromandel lifestyle that goes with it.
The current owners have decided to sell due to an increasing workload in another business and have therefore an attractive listed price for this business and will assist with a smooth transition of ownership. Due to the business being managed there are efficient store systems in place, proven and reliable.
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***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
+64 7 579 4994
+64 27 434 6900
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.