Exmouth WA is Calling – Prime Highly Successful Retail Opportunity.

Address: 13 Patterson Way, Exmouth WA 6707

About the Business: First opened in 1993 to service the Electrical Appliance needs of Exmouth, this successful franchise has operated continually with the same owners for 32 years. Embedded into the Exmouth community as the go-to place for great local service with city pricing. An award-winning store, consistently recognised as a desirable workplace.

The addition of a furniture offering in 1999, following the devastation of Cyclone Vance, helped the locals get back on their feet faster, and cemented the business as a respected and trusted supporter of the community. High service levels have always been the catalyst for the "Buy Local" theme and led to the continued success of the business.

The ability to order Furniture and Appliances online, including delivery to your home in a small remote location has been embraced by locals and investors alike. It has removed the stigma of freight costs making country towns too expensive to purchase goods locally.

Potential: Current approved residential land release at the Exmouth Marina Complex (Precinct D) will see approx. 120 lots developed to be available in mid to late 2026. The Nimitz St subdivision has 98 State-approved lots available, with a potential 156 more lots in future phases depending on demand.

Exmouth, well known for being a bucket list tourist destination, is experiencing unprecedented demand for holiday and residential accommodation. Add to this current and future investment by both the Australian and USA Defence forces, the next 5 – 10 years will see exponential growth, with several new resorts to price up furniture, whitegoods and soft furnishings are well advanced along the planning timeline.

Skills & Employees: No formal qualifications required and the Owner has all but stepped away from the business over the past 18 months and employed a Store Manager.1 x Store Manager – Full Time. And 2 x Salespeople / Delivery Drivers - Full time

Current Trading Hours: 9:00am - 5:00pm, Monday to Friday. 9:00am - 1:00pm Saturdays. Closed Sundays and Public Holidays.

Lease Details :

Existing Lease in place 5+5+5 years expiring 31/03/2029, options 31/03/2034 & 31/03/2039.

Annual Base Rent $130,000.00 ex GST plus outgoings / Rent Reviews 12 Monthly to Perth CPI pa.

Includes : ●Showroom with Mezzanine office space. ●1 Bedroom on-site caretakers Unit.

●Apportioned Rear Warehouse and laydown facility.

Plant And Equipment:

All existing fixtures and fittings, vehicles, Solar Panels, furniture, and equipment required for business operation.

Detailed list to be provided for genuine enquiries when requested.

Franchise:

For the past 3 decades with BSR Group, Trading as a "Betta Store", (Brisbane Electrical Television Traders Association). Transferable License subject to approval by BSR. Franchise agreement and license available on request.

Reason for Sale:

After 30+ years in the same business, the owner is ready for a change. Having lived his whole life in the town, and seeing the exciting growth about to happen, he feels that the injection of new blood and enthusiasm in the business would not only reward the owners, but provide even better service to a new influx of locals.

He says: " I would rather let a new owner enjoy the benefits of my decades of hard work, and proudly watch them get the full potential out of an amazing business. My kids have grown up as storeroom babies and now moved on. Time for the next chapter to be written, both for me, and the shop"

Financial Overview:

• Asking Price: $1.250 million Includes Stock at Valuation (approx. $300,000) &
• P&E: $200,000.00
• Business Sale: GST Exempt (sold as a going concern)
• Detailed P&L and income statements available on request

The future is yours…

Current owner has done all the arduous work for you; this long-established and respected business is verging on massive growth due to the expansion of the town. Most new homes require items such as a refrigerator, television, sofa, bed, and washing machine. Exmouth Betta Home Living & Exmouth Furniture Centre online home shopping offers a convenient way to purchase these essentials. Just how much it grows…. Is up to you!

For more details, financials, and to arrange an inspection, make contact with David today.

For more details, please email broker or call agents.