Scan Capital Pty Ltd AFSL 400964 and Scan Pty Ltd
Scancorp Queensland Office
Suite 22, Newstead Commercial Village
76 Doggett Street
Newstead QLD 4006
T 07 3902 2400 F 07 3399 4288

Quality Carpet & Flooring Solutions

Brisbane

Suppliers of Carpet, Timber, Laminate, Vinyl, Rug and Tiles

Choices Flooring 3

Price Expectation: Our client is prepared to meet the market with a realistic Price $493,000 plus Stock at circa $67,100.

A real opportunity to acquire this very profitable business as a Trade Sale or for dedicated owners.

The Choices Flooring group was launched as a co-operative in early 1959 when Newfurn Floor Coverings Limited was established. Carpet Choice experienced significant growth in membership and turnover and is now the premium flooring group in Australia. In 2012 the Group underwent a brand change to Choices Flooring to match the ever widening range of flooring products available through the group. Choices Flooring has rapidly grown to 140 stores across Australia.

Key Points:

* Return on Investment of 32.43% FY2016.
* Achieved industry standard Gross Profit Margin in FY0016 of circa 33.23%
* Net Profit to own/man over the FY2016 circa $279,000.
* Demonstrated Net Profit (EBITD) of circa $182,000 pa after owners salary
* 2 Owners Managers, 2 full-time staff & 1 permanent part-time admin staff.
* Up to 5 contracted installers.
* Exceptional reputation for quality and reliability.
* Quality handover assured.
* Exceptional Group Support and Training available.

Significant investment has been made in setting up this store to maintain high levels of efficiency and sales.

The leasehold premises comprise a 350m2 showroom and a 30m2 office located in the Western Suburbs of Brisbane and within a busy retail shopping precinct; PLUS a stand-alone workshop/warehouse of 400m2. Long term leases available over both premises.

Overview

For Sale
Price: $493,000 plus Stock circa $67,100

Inspections
By appointment

Agent details

Ross Tiller
mob: 0412 313 647

ph: 07 3902 2400
Email: ross.tiller@scancorp.com.au

Suite 22 / 76 Doggett Street
Newstead Qld 4006

 

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