$ Shop - $151,000 Profit - Northshore (Hibiscus)
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Are you looking for a simple, easy and excellent cash flow business with over $150,000 p.a current. profit in accounts?
Then this well established Northshore (Hibiscus Coast) business is the one you need to closely consider.
Current sales of over $670,000 excluding GST per annum with high gross profit margins. No special skills are required. The current owner set up this business in 2011 and it has made consistent profits since. A good lease is in place with rent and all out goings excluding GST at $137,700 p.a.
The net profit for a part time owner after paying $67,000 in wages to staff, on March 2017 annual accounts was $151,000. For a working couple this business could earn potentially over $200,000 p.a. in profits before any wages are paid.
The vendor has other business commitments forcing the letting go of this business.
Price $215,000 + estimated stock value $150,000 (at cost value)..