Retail - National Brand - Dunedin Buying Group

The Dunedin outlet of this prominent and high profile national brand retailer has not been offered for sale for well over a decade!!Successful retailing is about things like: • Recognized brands that are trusted by the public.• Great high profile location.• Clearly defined product strategy and market positioning.This retail group has all these attributes and the robust trading results tell the story.The buying group has a membership agreement which bears similarities to a Franchise Agreement. When you become a member, the “Franchisor” will provide you great support including: • National promotions. • Group preferential buying advantages.• Host supported IT operating system. • Association with a leading national retailing brand. Other features include:• The business owner is supported by experienced and loyal staff.• The product range is not technical and is regarded as everydayproducts…..with a ring of quality.• For the working owner doing around 40 hours per week in the business the Cash Profit has averaged in excess of $160k per annum.• The business runs cash (working capital) positive ie there are minimal debtors and creditors are paid 20th of the month following date of invoice.• The business operates from modern bright premises in an excellent location with fresh fixtures and fittings.The asking price of $425k and is made up of Stock $150k, Plant $55k and Goodwill of $220k.