Furniture retailer - Victor Harbor

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Business Description

  • Located in a prime position
  • Operating for over 30 years
  • Selling quality household furniture
  • Easily run by a couple
  • Returning over $200,000 per annum

Simon Winter 0419 828 689


Extended Price Information

Goodwill $90,000
Plant & Equipment (approx written down value) $25,000
Stock at valuation (approx) $85,000
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$200,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment Return to Investor Return on Investment
n/a $756,332 $159,702 79.85% $94,702 47.35%
2013/2014 $696,745 $151,729 75.86% $86,729 43.36%
2014/2015 $588,298 $197,216 98.61% $132,216 66.11%
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The return to owner is a net return to just over one working owners after all expenses and wages but excluding the vendors’ wage.

Staff Summary

One full time and one part time vendor and three casuals who all work approximately half a day per week each.

Lease Summary

Current Rent $3,773.27 per month + GST
Lease Term 5 years
Lease Commencement 4th November 2010
Right of Renewal A new lease will be available to a purchaser
Outgoings Paid by the Tenant
Adjustments CPI annually
Current Rent

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Plant & Equipment

Original Cost of Plant $32,577
Written Down Value of Plant (approx.) $25,000
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