SOLD! Furniture and Bedding Retailer Far North QLD, $950K Profit to Owners

Established for over 40 years, this highly successful and well-regarded retailer provides high-quality office and home furniture, bedding, soft furnishings and homeware products to its customers in Far North Queensland. Servicing an exclusive territory, the business has agreements with well-known suppliers and national brands. Co-operative buying power, proven marketing strategies and the national reputation of licensed brand names provide a competitive advantage that translates into substantial profits to owners.

The business trades from well-located premises, with a well-stocked 1200m2 showroom. Customers are able to ‘see, try and buy,’ a luxury not extended by many furniture retailers who typically make customers wait for extended periods for their deliveries. One of the owners works in the business full-time and the 2nd owner assists part-time. The business currently employs nine people and trades 7 days per week.

Business Highlights

• Turnover over circa $4 million in 2021
• Profit to owners exceed $950K in 2021
• Very resilient through the covid period
• Profit to owners circa $700K/annum average last 3 years
• EBITDA estimated at $845K for 2021
• Exclusive territories with high profile brands
• Highly desirable lifestyle location in Far North Queensland
• Established over 40 years with an impeccable reputation
• Owner offering 6 week training & transition

Whilst the business is producing significant returns to its owners, there are future opportunities to expand some niche areas and broaden social media and online interactions. After 25 years in the business, it’s now time for the owners to retire.

The business has been priced for a quick sale at only $990,000, providing an ROI to new owners of nearly 100%, including assets valued by the owner at $79,195 PLUS Stock at Cost which is estimated at around $400,000