Why buy this Appliance Hire Business

Appliance Hire Business for Sale Auckland

Plenty of room to grow and improve, otherwise maintain with ease in a niche market.

Asking price: $165,000 ono

SUMMARY

● $119,513 revenue, 84% profit (working about 17 hours a week)

● Fridge, Freezer, Washing Machine and Dryer rental business

● Well established - been running 30 years

● Only selling due to retirement

● Can be part-time or full-time, run by yourself and/or with employees

● Training (from scratch) provided

● Assets including stock, parts, trolley.

SUITABLE FOR:

● Young or Old - someone needs to deliver and collect the appliances, in the past we’ve done it ourselves and more recently had someone else do deliveries…

● Part or full-time – You can build this business up by advertising more and social media.

● Can run it and work in it, or it can run itself

● Appliance knowledge is helpful, but you can take on this business with training provided.

OUR CUSTOMERS:

● Students renting flats

● Young professionals renting flats

● New Immigrants

● Everyday people not wanting to maintain appliances

DESCRIPTION

For sale is GOOD Appliance Rentals which is Robin and Annemarie’s family run business that they’ve had for 30 years, and which they are selling due their impending retirement. Originally a side business, to the family’s primary business of an appliance sales store, GOOD Rentals has found a relatively untapped niche market that has been Robin’s main and only focus for the last decade or so. During that time GOOD Rentals has established itself as a highly profitable and sustainable business which we put down to its exemplary reputation, low overheads and somewhat unique offering.

GOOD Appliances Rentals business is renting out washing machines, dryers, fridges and freezers for a monthly fee to customers in Auckland; mainly Central Auckland and East Auckland. The vast majority of customers rent appliances for 9 months to 2 years. The main type of customers GOOD Rentals has are students and young professionals that are renting flats, immigrants new to New Zealand who are yet to establish themselves and so are focusing on other aspects of life than buying home appliances, and finally everyday people that do not want the hassle of maintaining appliances.

New business / sales come from word of mouth as well as Google Ads. Google Ads have been a highly effective means of advertising, the cost is easily controlled and the ads can be easily turned on or off and the amount spent altered to suit. This control and flexibility means we have been able to turn ads off when we want to take holidays, and turn it back on just as fast. The GOOD Rentals Google Ads account has been set up and maintained by an IT expert and comes as part of the business.

The business is currently highly profitable for little work. However there are options for those that buy this business. You can keep it running lean and part-time, or there is plenty of room to grow. You can easily increase the Google Ads spend to grow the business, you can service more areas than just Central and East Auckland, and you can commit more than the ~17 hours currently devoted to this business. In fact in 2020 GOOD Rentals had revenue of $156,000 @ 92% profit with ~25 hours devoted to the business and a higher Google Ad spend.

Training will be provided that will help you understand and run the business side of things, as well as training on the appliances themselves. The amount of training can be negotiated depending on your knowledge and capability - this business can suit those with no knowledge of appliances.