Ad ID: 56011

Retail Business for Sale Queenstown Lakes

Retail-Multi Site in Queenstown Central Otago. This is a unique opportunity to own a long established family business in this most highly sought after region.

Business Description

Retail Business for Sale Queenstown Lakes

·         Excellent growth opportunities
·         Cashflow positive
·         Huge population growth in region
·         Strong and increasing profitability
·         Increasing turnover
·         Loyal and long serving staff
·         Multi-site coverage
·         High profile local awareness & client loyalty
 

Markets

Tabak will discuss the products with any interested parties. Suffice to say they are products used by consumers every day and regularly require replacing. There is a design element to some of the products and there is a female bias to the clients, albeit a family can (and do) all get their needs met at these stores.

 The Owners

 The business is currently run by two owners who contribute the equivalent of one FTE, and who now wish to slip into retirement. There is an excellent opportunity to streamline operations and improve overall efficiency and profitability of the business by way of initiatives that may include digital & social media, networking and business development. The stores attract a strong, loyal, local clientele but only modest passing tourist trade.

Business Resources

The purchaser will be comfortable at retail, and ideally at improving systems, and understanding the purchasing role (albeit all support will be made available by the vendor). The established staff understand their operational roles and the business simply needs a General Manager with vision; hunger and business development experience and confidence.

Sale Price                     $895,000 (includes $645k of stock & plant)

Net surplus                  $227,428 2016 EBIT

Tabak Ltd licensed under REAA 2008

Contact:

 

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