Bayleys Business are pleased to offer a unique opportunity to acquire Murray Hunt Furnishers Otorohanga, the business has been in Otorohanga for over 60 years and serves people across the Otorohanga and Waitomo districts and beyond.
The current owners acquired the business in 2016 and are the second owner since the founding family.
The nature of beds, flooring, curtains, home decor and giftware mean customers wish to touch and feel the products, meaning the store is ever-popular with the wider community in which it serves, creating loyal customers.
The business has developed an excellent reputation built on high quality products and service, good advice and competitive pricing.
The nature of the products and store location ensures that the business trades profitably though economic cycles.
Highlights:
- Market leading products through the Beds R us & Flooring Xtra franchise agreements
- Captive geographic region and customer base with links via State Highway 3
- FY25 sales of approximately $1.9m and earnings to a single owner (EBPITDA) of $250k. (subject to year-end account process)
- Five-year average EBPITDA of $245k
The current owners wish to retire and offer the business for sale, also for sale are their other two stores in Te Awamutu.
- Murray Hunt Beds R Us (Te Awamutu)- bayleys.co.nz/2316621
- Muray Hunt Giftware store (Te Awamutu) - bayleys.co.nz/2316615
The asking price of $590,000 assumes stock at value of $370,000.
