Ad ID: 107928

Services Business for Sale Central Otago

Superb service business in Central Otago town

Location:

Otago

Asking:

$1,970,000

Type:

Services-Other

Why buy this Services Business

Services Business for Sale Central Otago

This business has two outlets in this major Central town.

The owner started the business over 20 years ago and has now decided to retire, having established the largest business in its sector in the whole region.

Each outlet has superb premises, with excellent security of tenure.

There are currently 14 full time staff, including two experienced managers who run the operation on a day-to-day basis. The owner only oversees financial matters for four hours a week, which could be undertaken from anywhere in the country.

The business revenue to 31 March 2022 was around $1.4m for a net profit exceeding $470,000. Due to lockdowns and COVID, both these figures were down on previous years results. The average net profit over the last five years exceeded $510,000 (for working only a few hours a week!)