Established, Profitable & Under Management Retail/Wholesaler - Packaging, Disposable Tableware, Hospitality & Party Supply
Short Summary
Thriving wholesale & retail business, extremely established, under management & profitable with cheapest rent in town & 35% netting against revenue pa
Key Selling Points
- Under Management
- Passive Income
- Cashflow Positive
- Non-hands on Owner
- Long term Management and Staff in place
- Strong year to year Sales
- Strong year to year Growth
- Strong year to year Profits
- Low Rent
- Long Term Lease in place
- High Profit Margins
- Clean business
- No Competition
- Niche Industry
- Niche Business
- Long-term Customers in place
- 80% Repeat Work
- Best Location
This thriving retail & wholesale business with a loyal customer base and endless potential for growth is generating passive income for its owner since 2018. Owner’s role is to handle the paperworks, ordering and accounts (around 10-15 hours weekly) and he doesn’t need to attend to the business daily.
This well-established, highly profitable and semi under management packaging, disposable tablewares and party supplies business nested in a prime location of Brisbane’s Southern suburb. Operating successfully for over 6 years, this packaging & party supplies shop has become a “go-to destination” for locals looking to celebrate special occasions and savvy distributors who buy and resell its products to regional retailers or to consumers directly.
The business is an Australia’s leading supplier for catering, packaging, eco-friendly dinning, hospitality and party supply covering everything for restaurants/cafes catering and packaging products and disposable tablewares, industrial grade cleaning chemicals for hospitality businesses, party & festive products including balloons, decorations, paper plates/cups, costumes and accessories. This shop offers a diverse selection of high-quality party supplies to cater to every theme and occasion. Recently, the owner introduced new florist business as to add value to the overall business whilst attracting more customers and drive additional sales without incurring additional labor expenses.
Averaged weekly income is $30,000 and wholesale business contributed 40% of the total income and is supported by a team of reliable and experienced staff with a full time team leader who administer the day-to-day operation of the shop. Weekly rent is around $1,300 (inclusive GST & O/G) for a shop size of close to 600m (2 storeys).
The owner has a personal reason to go overseas, hence reluctantly offloading this great business which generates ball park of over $0.5 million net profit pa. and is committed to provide the best transitional support for the new owner.
This is a perfect business for any investor who looks for passive income or an entrepreneur who is motivated to take the reins, continue the legacy and bring it to new height.
It is also an excellent opportunity for Visa 188A applicants to start their new chapter in the Australian commercial arena.
With a proven track record of consistent profitability, this business presents an excellent opportunity for entrepreneurs or investors seeking a stable income stream.
Contact Henry Chow 0421 040 857 | Amy Wan 0498 229 813
Asking $1,050,000
Ref. no. BUY2416