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This business has been servicing the needs of the aged care industry since 1994, both in sale of mobility products and also equipment that just makes life for the elderly a bit more comfortable. The business also has an extensive range of aged care equipment that is available for rent. The business has a large retail showroom for clients to test the equipment before they purchase or rent. Alternatively, the business has an almost new Mercedes delivery van that will pass with the business and allows the vendors to take equipment to a client, either in their own home or in an aged care facility, so they can shop in the comfort of a familiar environment.
This is a 5 day a week business that will continue to grow as the population ages. The current vendors had been working within the business for a significant period of time and have owned it since 2013. It is perfect for a husband and wife and could easily expand into sales of second hand equipment as well as undertaking basic service work. This is a business that could be run under management and is perfect for somebody that wants to have their weekends off.
At a glance:
Simon Winter 0419 828 689
Goodwill | $175,000 |
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Plant & Equipment | $25,000 |
Stock at valuation (approx) | $50,000 |
$250,000 |
Year | Sales | Return to Owner | Return on Owner's Investment | Return to Investor | Return on Investment |
---|---|---|---|---|---|
2014/2015 | $646,563 | $142,030 | 56.81% | $62,030 | 24.81% |
2015/2016 | $732,160 | $174,323 | 69.73% | $94,323 | 37.73% |
Current Rent | $2,083.34 per month + GST |
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Lease Term | 2 years |
Lease Commencement | 1st July 2016 |
Lease Expiration | 1st July 2018 |
Right of Renewal | 1 x 2 years |
Outgoings | Paid by the tenant |
Adjustments | By mutual agreement or if not agreed by CPI |