Exclusive Palazzo Kitchens Agency - North Shore

Parnell, Auckland City

$250,000

Proposed Usage
Retail
Description:
Property ID
1c76bx6

This is not traditional retail. Palazzo Kitchens is the perfect high end showroom to display the advanced designs and environmentally friendly, quality German kitchens made by Nobilia and Leicht, along with a range of complementary products. www.palazzokitchens.co.nz. There is no joinery aspect - kitchens are designed, ordered from Germany, and delivered ready for installation.

The business model allows you to work on the business. Clients of Palazzo Kitchens enjoy the service as much as the final kitchen product. Each store utilises European design software to give a sophisticated and near photo quality rendering of how their new bespoke kitchen will look installed. A new owner could undertake the design role if desired, or the business model allows for employing a designer.

After the first year a well managed Palazzo store is capable of cash surpluses of between $250,000 - $500,000 pa. There are currently five Palazzo stores across New Zealand with the North Shore territory being one of three additional territories planned in the next 12 months.

The master agency will provide comprehensive training and assistance with site selection, fit out and staff recruitment, plus ongoing support - your success is their success.

The prestige of the Palazzo name is well established and set to grow.

Business Highlights
• Very modest in-going cost, no ongoing fees
• Highly profitable with a high GP
• Provides an owner with high flexibility around time input
• Excellent cash flow, with very low working capital requirements
• Very competitively priced products
• Unsurpassed German Product quality and precision
• The kitchen market is huge

Price based on estimated cost of establishing a new store including display kitchens, systems, agency fees etc. The cost may vary somewhat depending upon the proposed premises final fit out costs as required.

Call Colin Askin for further details and to discuss whether this opportunity is suitable for you.

Turnover: $2,250,000 (forecast); Cash surplus $380,000 (FME forecast).

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