Top performing painting / decorating centre - Possible Managed in

Description

Summary
Solid financial history, great net return. Very busy location. Fully systemised & best industry brands. Long lease, low rent ratio. Enviable reputation with both residential/trade communities.

Rent
$50,220 pa

Location Details
Gold Coast

Hours
Monday - Friday 6:30am – 5pm
Saturday 7:30am – 2pm
Sunday Closed

Lease
$50,220 p.a. plus GST and Outgoings
Current lease finishes 30/09/2024
Additonal 1 x 5 year option

Employees
3 F/T
1 Casual

Reason for Sale
Personal Reasons

About the Business
Located in one of the Gold Coasts busiest industrial and residential areas with a shop front (and branding) that is prominent to the 140,000+ vehicles that pass close by every day. In addition, this suburb has a strong residential component making this business offering quality painting/decorating/DIY solutions, extremely popular.

Great landlord/tenant relationship and rent is extremely reasonable accounting for less than 7% of turnover.

The current owner has transformed this store into a top selling outlet (within its franchise network) on the Gold Coast! Despite this, there is still more that can be achieved, and this outlet is superbly positioned for growth and sustainability to continue servicing Retail and Trade customers

History
• The best brands in the Paint market
• A renowned reputation in professionalism
• Fully systemised business with credible books and history
• Very good nett return with solid figures
• Industry leading decorating franchise brand selling global premium powerhouse brands
• Great rent for location and premise size
• Strong trade following
• Well established and great reputation
• Fully equipped store with the latest in tinting equipment

Listing Details

  • Listing Number: 12225-916072
  • Location: City of Gold Coast, Queensland
  • Price: 295,000.00
  • Down Payment: 0.00
  • Sellers Discretionary Earnings: 0.00
  • Category: Hardware Ret Related

  • Inventory: 0.00
  • FF&E: 0.00
  • Employees:
  • Years Owned:
  • Reason for Selling: Owners wishing to retire

Business Listed By: