Ever imagined escaping the city rush and owning a business on a tropical island? Profitable Waiheke Living on Waiheke Island is being brought to the market by ABC Business Sales’ Nico Wamsteker.
Waiheke Living is a unique business and has the distinct advantage of being the only significant home appliance and furniture retailer based on the island, allowing residents to enjoy the same product selection and competitiveness available in Auckland city.
In the last year, the business has provided its owners with a cash surplus of over $750,000.
It is the exclusive retailer on Waiheke for Fisher & Paykel, Miele, Haier, Panasonic, Bosch, LG, Mitsubishi & NEFF appliances, Slumberzone, John Young, Maxwell & Williams and Vivin products.
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As a significant member of the AppliancePlus buying group, Waiheke Living are as competitive as the other major retailers not only in the Auckland region but throughout New Zealand.
“All in all, Waiheke Living is the complete solution for all electrical & furnishing items for the home on Waiheke Island. This makes it a business in hot demand,” says Wamsteker.
The current owners, Jenny and Peter Amies, have owned the business for 18 years and retirement beckons.
In 2016, the business moved to premises vacated by the Countdown Supermarket at 102 Ostend Road, approximately 650 metres from its previous site and was rebranded Waiheke Living.
The new premises have allowed the owners to showcase the potential of the business and despite the COVID-19 epidemic, has achieved significant increases in sales revenues and profit. The business employs 14 staff in addition to the 2 owners.
Waiheke Island is a unique location as it has approximately 3800 dwellings for local families, in addition to about 2000 dwellings owned as holiday homes. This means that there are about 6000 households as potential customers for the business. Additionally, Waiheke Islanders tend to be quite parochial and support local businesses.
“The current owners are looking to retire, here is the opportunity for a new owner to enjoy the lifestyle that Waiheke Island has to offer, as well as a substantial income from an exciting innovative and vibrant industry,” says Wamsteker.
Contact: Nico Wamsteker, [email protected], phone 021 933 313
-Article supplied by ABC Business Sales
