Otorohanga Surrounds
63 Maniapoto Street, Otorohanga Surrounds, Otorohanga
+5Murray Hunt Furnishers Otorohonga
Bayleys Business are pleased to offer a unique opportunity to acquire Murray Hunt Furnishers Otorohonga, the business has been in Otorohonga for over 60 years and serves people across the Waitomo district and beyond.
The current owners acquired the Otorohonga store 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 $186k.
- Five-year average EBPITDA of $231k
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.
Andrew Ricketts
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Business appeal
Franchise agreements with Beds R Us and Flooring Xtra allow the businesses to offer market leading brands at nationally competitive prices.
Business appeal
Retailer of Beds, Flooring, Curtains, Wallpaper, Furniture, Giftware & Linen.
Revenue
FY25 Sales ~$1.9m and EBPITDA of $186k. Five-year average EBPITDA of $231k.
Location
With a 60+ year trading history in Otorohonga and situated on State Highway 3 the business has a strong local following and regular customers from neighboring towns, such as Te Kuiti and New Plymouth
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