Melbourne, Victoria 3004

FIRE SALE! Bedding Retailer Including Inventory, Bank Guarantees & Equipment. $799K (16214)

For Sale | $799,000

Wholesale

This business is being sold with $250,000-$300,000 worth of inventory. Included in the sale is the plant & equipment along with the website which is valued at $165,000 also comprising of a fully branded delivery van. The business price also includes bank guarantees on two premises; the locations of which are situated in prominent Northern Melbourne and Eastern Melbourne suburbs on busy main roads. The bank guarantee relating to Eastern Melbourne sits at $72,600, whilst that of the Northern Melbourne premises is at $138,255. Therefore, both premises hold a combined rental bank guarantee of $210,855 which is included in the business price, so this amount shall be returned back to the purchaser on the exit of both premises.

With approximately 50 suppliers, this retailer receives 50% of the stock from manufacturers local to Australia. Exclusive trading terms are in place with a leading Australian manufacturer who supplies only this bedding retailer with custom designed beds.

Key points on the business opportunity :
• 2 x store locations 1,000 sqm each
• Combined Sales of 2019 $2,491,489
• Combined Sales of 2020 - TBA
• Combined Gross Profit including supplier rebates 47%
• 6 employees
• Retail Express POS + Xero accounting package operating in all 3 entities
• E-commerce website
• Mercedes Benz LWB sign written delivery van
• Marketing managed by Store Manager
• Supply chain and trading terms consisting of 53 suppliers
• Exclusive trading terms with Australian manufacturer suppling only with custom design beds
• Payroll + accounts managed by bookkeeper 1 day per fortnight
• Lease ends 2023 July / September providing new owner flexibility to negotiate new lease

For more information please contact Nadia Polzella from LINK, formerly Klemms on the below:
Phone: 0451 858 897
Email: nadia.polzella@linkbusiness.com.au

Share

Contact


Nadia Polzella



Marketing By


Nadia Polzella

LINK, formerly Klemms

Overview

This Wholesale Business is one of 131 businesses for sale in Melbourne City, Victoria, and one of 3 Wholesale Businesses in this region that a business for sale currently has on offer. This Wholesale Business is for sale in Melbourne City for the asking price of $799,000 and has been on market for less than 3 months.