Reduced Price $50,000
Prime location on a busy main road (over 65,000 cars daily) in Beverley Hills, this location has been an aquarium for over 25 years. Pet Center acquired the business and assets in 2018 and since has invested significantly in the hiring of qualified staff within the aquarium industry and introducing new stock, which has led to an increase in revenue. Aquarium Empire is now known as a premium supplier of Cichlids, Marine and Tropical Fish, Corals, Tanks and Aquarium accessories.
Recently commenced a Social Media presence, the business would benefit from a marketing cash injection to promote products to a targeted audience with a keen interest in aquarium space. Also, the business is currently a major sponsor of a local community football club.
- Leasehold premises over 300M2, rear lane access with loading dock for deliveries. Off-street parking for 11 vehicles.
- Rent $81,927.91 + GST Lease terms and time remaining 2 + 3
- Total Assets included in the sale equate to $83,000 +, consisting of Shop fit out value $45,000 (Tanks, Pipes and Plumbing, Filters, Lights, Skimmers, Racking etc.), Security system, CCTV, POS program, Computer Hardware and Shelf Stock ($25,000).
- Handover checklist and training period will be provided
The business has not operated for a sufficient period to provide a realistic financial profile and as such trading figures are not relied upon nor form part of the sale for the purpose of valuation.
The current owner is not an industry expert and, also operates another business which does not allow the time and effort required for the business to reach its full potential.
Priced for Quick Sale $50,000