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Business ID BS9717

Choice the Discount Store, Northern Rivers, NSW

$80k pa Profit to Owner. Day-to-day operation managed by staff.

Choice the Discount Store is part of a 25 strong network of independently owned and operated stores, operating in QLD and NSW. The business benefits from having well established suppliers of a wide range of products that can be purchased at attractive prices resulting in gross margins of around 55%.
 
BUSINESS HIGHLIGHTS
 
    •    Staff manage daily operation of the store
    •    Owner works on business about 7 hrs per week and visits once per fortnight
    •    Initial fit out exceeded $75K, included in price
    •    Excellent network of established suppliers
    •    Annual turnover exceeds $830,000
 
The store is setup with 16 security cameras the owner can monitor remotely. Point of Sale Hardware and Software is in place, enabling real time reporting of stock and performance.
 
The vendor is keen to assist with the transition to new ownership and will provide a 2 week handover to familiarise the new owner with the operation of the business and provide an introduction to all key suppliers.
 
The owner has a genuine reason for sale and has priced for a quick sale. Established for over 24 months, this fully setup and staffed retail business is already generating a good profit for the owner when run under management. A significantly stronger income would be available to a full time working owner or working family.
 
Asking Price: The business has been reduced to the very realistic price of $70,000 plus SAV. Stock levels vary with the time of year and deliveries but are typically held at a value of around $80,000. The asking price includes Plant and Equipment, Fixtures and Fittings, costing over $75,000.

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