This business is uniquely positioned, selling a product people love to purchase - with both retail and trade customers.
The business is very well known in Wellington, with retail premises that are a destination for enthusiastic customers, with no natural competitors in its league.
The business benefits from multiple revenue streams including its distinctive retail product offering, supported by a cafe proposition and postal services.
Most notably, the business has recovered beautifully post lockdown, currently to around 90% of weekly revenue.
With sales of $1.5 million, it is materially profitable and benefits by repeat custom from its commercial clients, retail enthusiasts and daily coffee devotees. There are firmly established supply arrangements and plenty of growth opportunities including accessing the online channel.
Rent to sales ratio is very attractive at 8.3%, noting its premium city location.
Currently fully managed, a new owner has the option to continue with this model or immerse themselves behind the scenes or on the shop floor.
Generating sustained profitability, this is a great opportunity for a corporate escapee looking for a diverse and engaging business.
Call me now, Jacinta Saeki on 021 164 2323 for a confidential discussion.
Price $390,000 + estimated stock value $60,000
For a confidential discussion please complete our online confidentiality agreement.
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