08 8361 3074

Home Entertainment Industry Leader

$40,000 + SAV ($430,000 approx.)

Business Description

This business has an income of over $2.0 million per annum and is the authority in the audio & entertainment sector. They sell everything from hifi to home cinemas plus all of the components that an absolute enthusiast would need to build their own system. Their market is both commercial and domestic consumers wanting the highest possible quality in sound and theatre systems. Not only will they sell the system, for the local market, they will also install it as well.

Based in a retail outlet on Unley Road the sales are supplemented by those made online via a high-quality website. They provide free shipping all over Australia and all stock is supplied from Australian wholesalers so all products come with a full warranty. This business is not just at the hi-tech end of the market, they are also adept in the basics as well. You can buy an all in one record player to play those original Beatles albums or they can supply lounge seating specifically designed for the home theatre. There have everything the home sound and theatre aficionado could ever want.

This business is the industry leader in it’s market and as the vendor moves into retirement the vendor is keen to find a buyer that he can pass the baton to who shares his passion and commitment so the business can move forward for many years to come.

Whoever buys this business will pay much less than the cost to set up a new comparable business. This is an exceptional opportunity for somebody that has a passion for sound and enjoys being at the cutting edge of technology.

The Vendor works full time and employs 3 staff and has a current stock holding of approximately $430,000.

Simon Winter 0419 828 689


Extended Price Information

Goodwill including Plant & Equipment $40,000
Stock at valuation (approx) $430,000
$470,000

Staff Summary

The vendor works full time and employs 3 staff members at the business.

Lease Summary

Current Rent $11,095.44 per month plus GST
Lease Term 3 years
Lease Commencement February 2020
Lease Expiration February 2023
Right of Renewal 1 x 3 years
Outgoings Paid by tenant
Adjustments $2,382.09 plus GST

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