Semi-Managed Business - City Centre Auckland
- Proposed Usage
- Property ID
This is a very cool retail business, located in the heart of the city. They have some very unique products and brands that are difficult to access and many of which cannot be found outside the large towns & cities of New Zealand. The product range appeals to a very wide audience, but accessibility is limited.
The business has a fantastic website which they have just started promoting and this will enable them to sell their wares throughout NZ and beyond. They have invested in great systems, stock management, staff, and website integration to make it easy to manage and run.
With a Retail Manager and a number of part-time staff members the business has little input from the current owner who has other business interests. The owner does not work in the retail store as he is overseas, but is involved with the buying, and sales & marketing aspects.
This business will suit someone with a passion for the industry and would like to be involved in running a retail business, or someone who can drive the retail arm and promote the e-commerce side of the business to the wider NZ market. Significant opportunity here.
Semi-managed profit of $92,700 for last year, or could provide over $137,000 to a full time working owner, managing the retail business. The store is fitted out to the highest of standards and with stock of around $100,000 this business represents very good value.
Price $185,000 + estimated stock value $98,000.