Long Established Electrical And Furniture Business For Sale

Business description

Operating since 1986 the business operates from from a thriving country town app 1.5 hours from the city. The store storeroom has a floor space of 1300 sq mtrs. The business is still operated by the original owners, now looking to retiring.
It is part of a leading electrical franchise in Australia that offer training and support. The store is located in Prime location surrounded by banks, post offfice and cafes. It is attractively presented in blue of the franchise colours. The store operate 5 and half days per week leaving time on the weekend for family and relaxing. This is a great business for a family or partnership and ticks all the boxes for a family looking to migrate to Australia.

Franchise terms

Terms of Franchise are very retailer friendly and will only be disclosed to genuine buyers by head office prior to sale to taking place. This is due to privacy laws.

Property information

Real Estate:

Lease

Leasehold rent:

$very reasonable per annum

Location:

The main store is located approx one hour and thirty mins from the city. Situated in thriving a farming town with a large number of surrounding districts.

Premises details:

Store has large front, app 12 windows wide in main busy street. Ample ground level storage area. Its is surounded by cafe, deli, banks and close to post office

Size in square feet:

2000 sq mts.

Other information

Expansion potential:

The store is large and growth potential is excellent with the increase of IT , games etc

Competition / Market:

The largest store of its kind in more than 250 km radius. More competition is unlikely in the future.

Support & training:

The franchise offers as much training and support from head office and state office as needed. Current owners willing to stay on for as long as necesary. Help desk on standby all day for any help required with computer program.

Reasons for selling:

Owners in mid sixties and looking to retirement after 23 yrs of operation.

Trading hours:

8.30 to 5 pm Mon to Friday. 8.30 to noon on Sat.

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$250,000