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Furniture Direct Warehouse
City ACT 2601



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Furniture Direct Warehouse

Furniture Direct is a non-franchise furniture retailer based in Fyshwick ACT. The business has been operating since 2002 and has created a reputation as a strong, value-driven furniture retailer focused on customer needs. It has forged this reputation and built its large customer base by sourcing products direct from manufacturers, buying in bulk and passing the savings on directly to clients.

The incoming owner will get instant cash flow, substantial profits and an extensive database of customers! The business is poised for growth with a world class website ready for promotion!

There is a large pool of staff who are trained and willing to help you run the business. The large premises in the heart of Canberra's most popular retail precinct - Fyshwick - could accommodate more lines and product expansion.

For the size of the business and location of the premises, the rent is reasonable at approx. $15k plus GST per month. This averages to less than 10% of turnover for the 2015 financial year.

With over $500k of equipment, including truck, forklifts, IT systems and fit out the business will sell well below replacement cost! Why? Because after 14 years in this highly successful furniture shop its time for the owner to say goodbye, while you say good-buy. By anyone's standards, 14 years of ownership is a long time in any business. The longevity of the ownership reflects the value of the business opportunity.

In 2016 it's getting harder and harder to generate strong investment yields, dividends and profits. That's why a business like this is such a sound investment with its proven track record of success for the current owner of 14 years plus.

An owners profit report has been prepared by Tribe Accountants and full financial and tax returns for 2015,2014 and 2013 and available upon request.

With sales in 2015 exceeding $1,97 million and net profit above $70k and owners profit for a five day week $250k plus including $140k salaries. If you know a great investment when you see one - enquire about Furniture Direct Warehouse with its high profits and sales.

For further information, please contact exclusive business sale advisor Frank Walmsley by emailing your full name and contact number. sales@capitalcommercial.com.au once the confidentiality agreement is completed we will send you, your Business Information Package.

Seller is prepared to seller finance approx. 50% of the SAV over 12 months for approved buyers.

Property Type: Business

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The average age in City is 24 years and it has a population of 2,824.


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This listing was first displayed on 19/10/16, last updated on 19/10/16, and has been viewed 20 times. Please note the counter is not updated immediately.
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