HUGE 70% Return on Investment!* Fantastic Opportunity for Business Investors! Two Long Established & Highly Profitable Stores!

- Hoods Carpet Court - Fyshwick & Phillip, Canberra ACT 2601

$1 Million + SAV

BusinessSize: n/a
Established for over 40 years, these two well known Hoods Carpet Court stores are now on the market due to impending owner retirement.

These family owned and operated stores have certainly stood the test of time, offering all types of quality floor coverings including carpet, timber, laminate, vinyl planks, as well as blinds and wall panels.

Key Features & Benefits:
* Long established and highly profitable stores
* Very well located in Fyshwick, Canberra's major commercial/industrial hub, and Phillip, Canberra's southside commercial hub with high visibility from Hindmarsh Drive
* Lease in place to 31 August 2022 at the Phillip store with a 5 year option
* Experienced and dedicated staff who are willing to stay on with new owner
* Large amount of work in progress
* Repeat commerical customers
* Currently owner-operated and managed, however would also suit investors considering the consistently high turnover and profits (the business is currently transitioning into being run under part-time management)
* 70% Return on Investment is based on the owner's Adjusted Earnings Schedule as calculated from the available 2019 Financial Statements and the current asking price (not including stock outlay)
* Three vehicles included in the sale

There is also an opportunity to purchase the Fyshwick premises, however should this not be desired, a long lease term can be negotiated with the vendor.

Sale Price $1 Million + SAV

BE QUICK or you'll miss out on this exceptional business opportunity!

For more information about this amazing opportunity please contact Michael Newham of Finn Business Sales on 0419 263 014 or email michael.newham@finnbusinesssales.com.au

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Business
Stamp Duty:$0
 
The Finn Group

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What's Nearby

St Benedict's Primary SchoolPrimary School
2.2km
Telopea High School, BartonHigh School
3.7km
Queanbeyan District Hospital & Health ServiceHospital
6.3km
Riverside PlazaMajor Shopping Centre
6.2km
Australian National UniversityUniversity
7.2km
St Clare's CollegeCollege
2.1km
Kingston Post OfficePost Office
3km

Canberra Suburb Information

 
Average Age
24 years
Population
4,276
Canberra's Property Profile
Canberra's Occupancy

Contact agents

The Finn Group

The Finn Group

View agency details
Michael NewhamThe Finn Group
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Listing ID: 177945713. This listing has been viewed 4 times. It was first displayed on 12/02/20 and last updated on 12/02/20.