Listing #:5280655988

BUSINESS WITH LAND AND BUILDINGS

Strong income with Opportunity for Growth
Location: Horowhenua­, Manawatu / Whanganui
PRICE SLASHED

My vendor has said let’s get this moving and so they have slashed the price. This price is supported by a property valuation which makes it a compelling commercial proposition.

We have been instructed as the sole agent for this rare, well presented business for sale together with land and buildings, set in a picturesque rural location.

The business itself has multiple revenue streams to include garden plant sales, soft home furnishings, gift store, egg and artisan food sales. There is also a full café with outdoor seating set in the manicured gardens, for which the business generates a rental income from.

The business has been running for 7 – 8 years and collectively, from the above, it has averaged a net profit of circa $200,000 pa, over the last 3 year period.

If you were to put 40% down, and pay the balance over 15 years, at bank commercial rates, then you would be looking at circa $90,000 surplus per annum. (subject to Bank lending criteria)

There is strong upside potential for expansion and growth, as there is plenty of under utilised land that that could accommodate tack-on businesses such as lawnmower and small engine sales/repairs, a florist, fencing and rural supplies or pet shop/equestrian.

The land area is just under 1.3 hectares with multiple buildings and on-site parking for approximately 70 cars.

It has good exposure, being located off State Highway 1 and is also easily accessible to town.


Asking price $1,250,000 + GST (if any) plus stock

Agency reference #: CCB044
Asking price: $1,250,000
Listed: Tue 22 Apr, 2:38 pm
Neil Forde
Crown Commercial Ltd
  • Contact details
  •  (027) 4458507

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Neil Forde
  •  (027) 4458507
Crown Commercial Ltd

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