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Retail Business – Established 65 years and located in Hervey Bay

For sale for the first time in 65 years. This retail store situated in Hervey Bay is now on offer.
Asking Price: $835,000

About the opportunity

The business is a member of two Nationally recognised buyer groups and profits are increasing dramatically year on year. Operating in Hervey Bay with a population boom happening right now, with high profit returns.

This well-run and profitable business is very successful, driven by loyal relationships and long standing customers, suppliers and staff. In addition, this business has and will continue to benefit from large scale commercial projects that are turbo charging the local economy.

There is a proven model for consistent profit and growth for a new owner. Should a new owner want to run this business under management, it would be possible to appoint an experienced Manager and continue the ongoing success. There is also an opportunity to purchase the freehold.

o   Sales $3,245,348 (21/22)
o   EBITDA $478,340 (21/22)

Sale Price: $835,000 plus stock approx $425,000

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