Current owners of the Target Furniture North Shore have been in the business for 26 very profitable years and are now wanting to retire and spend time with their grandchildren.
Offering both soft and hard furniture products for the whole house. The Target range is largely exclusive and about 25% is manufactured within New Zealand.
The business has an extensive following of clients who have been loyal to the business over the last 26 years and a new owner with fresh eyes, enthusiasm and ambition could take an already profitable business to the next level.
To assist with this the Franchisor has recently introduced new systems to lift business profits with better stock management and delivery, problem solving and staff training.
A dedicated team from the Target Support Office travels the world seeking the best quality, styles and pricing for the New Zealand market. Target has in-house photography, advertising, management of the Target website, IT, staff training, human resources support and a dedicated Retail General Manager.
Currently, the business employs 8 full time and 2 part time staff, some of whom have worked in the business for more than 10 years. They have the skills to keep the business operating with the current owner there about 50% of the time.
* Consistently profitable - over $470,000 p.a
* Over 7.3 stock turns p.a
* Flexible lease
Contact Nico Wamsteker, Business Broker - 021 933 313.
Price $850,000 + estimated stock value $400,000
For a confidential discussion please complete our online confidentiality agreement.
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