$5M Turnover equals $400K SDEListing: #EL02110
About this Business for sale in Auckland Surrounds$5M Turnover equals $400K SDE
This large franchise store located in Auckland, is long established and ready for a new owner. After 25 years in the industry and the area, the Vendors want to retire! Target Furniture, is a specialist in its area, providing its customers with a wide range of household furnishings and furniture. There are years of experience behind the brand and with the Vendors, in choosing the right products with realistic prices and being up with the times. This makes the store a popular destination for all manner of customers looking for one item or a whole household of new furniture for their homes.
Consistent turnover of around $5M, with an SDE to a working owner of $400K, makes this a very attractive business to purchase. It would be ideal for someone with a retail business background. There is also an opportunity to relocate to a better site with a more modern look store achieved.
With a good team in place, systems, support from head office, and supplier relationships with attractive terms why not have a look?
Priced at a genuine level, this is an attractive business opportunity!
Listing reference # EL02110
Investment $1,450,000 (includes approximately $400K of stock)
Laurel McCulloch 021 786 813
or Richard Ridler 021 904 672
Note: Due to the confidentiality of this business stock photo images may be used to represent the business. 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. Please contact the broker for further details.
+64 9 555 6034
+64 21 786 813
*Profit: 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.