Sea change beckons with coastal business opportunity

Anyone who has dreamed of a sea change with a business income to make it all work may like to check out this opportunity to buy a business and continue renting its premises in coastal Moruya.

Desire Flooring presents a rare opportunity to achieve both. This successful local business operates out of newly renovated and extended premises, covering about 465 square metres, which showcase a wide range of quality carpet, vinyl and timber flooring options.

An immediate buyer concern might be the experience needed to continue the business’s success in what appears to be a specialised field, but Frank Walmsley of Canberra Commercial Business Sales says the current owner has successfully grown the business without previous industry experience.

“She’s a single mum of three who has built it up over the past four years,” he says. “It now generates more than $200,000 a year in owner profits.

“That’s on a time investment of about 30-40 hours per week – which is a really good return, particularly as a return on the asking price.”

The business is open Monday to Friday and on Saturday mornings.

Walmsley says another advantage is total independence with no one to report to, unlike a franchise business that also comes with additional business costs.

“An independent owner has complete freedom to promote their own products and services to further grow their business,” he says.

Desire Flooring has an established and repeat client base. There is also a significant value of work in progress with paid deposits.

“The current owner is prepared to help a new owner deliver this work through negotiated terms,” Walmsley says.

The premises are sub-leased at a rental cost of $28,254.55 a year plus GST, with an agreement in place until August 23, 2027.

View property