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*** SOLD ***
Retail Business
Listing: #15055
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About this Business for sale in Hastings
Retail BusinessA fantastic opportunity for a couple to take over this thriving retail business located in a beautiful wine region of New Zealand. The business provides product lines based around work related apparel and safety clothing. Owned and operated by the same family for 20 years, the owners, as a result of a new business venture are putting it up for sale for the first time. The financials of the business are very impressive with sales exceeding $700K p.a providing 2 full time working owners a whopping $185,000 p.a for only 5 days per week. There are still lots of growth opportunities for the business and it should be noted that both sales and profits have increased year on year since 2009. The current owners also own the freehold which they would consider selling. Alternatively new lease being offered at $ 24,000 p.a All in all a fantastic opportunity to run a highly profitable retail business and enjoy the lifestyle benefits of living in a sunny wine region. Price of $200,000 excludes stock at approximately $100,000.
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This listing is no longer taking enquiries as it is SOLD
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.