Shop & Retail business for sale in Melbourne
- Shop & Retail
- Melbourne VIC 3000
- By Expressions of Interest
Extraordinary Opportunity to Acquire Fast-Growth Furniture Retailer with Scale
From a standing start in 2017, this online and showroom furniture retailer has achieved annual revenue in FY2021 of $4.6 million, an incredible achievement for an entirely new brand. (In FY2019, sales were just $500,000.)
Operating Profit (before tax) in FY2021: $1,082,775.
Fundamental to the success of this business to date has been a keen understanding of the demand from consumers for quality furniture at an affordable price, delivered promptly. In particular, the brand's quality leather furniture range provides outstanding value.
The disciplined business model provides for very healthy gross profit margin (58% in FY2021), and a net profit margin in FY21 of 20.9%, both of which are industry leading margins and supportive of continued growth. Average order value of $2,188 in last QTR. 48% of sales Online in the last QTR!
This business has consistently invested in smart, targeted online marketing, with 12% of sales invested in FY21, of which 98% was invested in social media advertising.
Over the past 12 months, approximately 82% of sales were to customers in Victoria, 14% in NSW, 3% in QLD. A massive growth opportunity exists to expand with showrooms interstate.
The owner is at retirement age and this has been his final industry project to realise a long-held ambition to build his own brand from the ground up. Now it is time to sell and put the business in the hands of a party that can take advantage of this outstanding retail platform for the next substantial growth phase.
This is a business ready to scale, don't miss out on this unique and exciting opportunity.
Suitable for a wide range of potential buyers, including private investors, investor groups, a partnership, or other businesses within the trade.
Asking Price: By Expressions of Interest
Further information can be provided to suitable parties on completion of a confidentiality agreement and discussion.
*Images displayed are illustrative only and not images of the business itself or business equipment.
*Any search price / price displayed on this advertisement is a function of the advertising platform search functionality and does not represent or indicate a price for the business or this opportunity in any way. Offers are sought strictly by Expressions of Interest.