Townsville Prospecting World

AU$550,000
June 9, 2021

Description

Do you have a passion for gold prospecting? Do you want to be your own boss and earn $400,000+ a year? If you answered ‘yes’ to both of these questions, then this local family owned business is for you! 

Business Overview
Townsville Prospecting World is a very profitable business selling gold prospecting metal detectors and associated equipment. Established in 2010, the business is ideally positioned in a high profile, main road location at Shop 11, 260 Charters Towers Road, Hermit Park. The vendors work full time in the business and over the last 11 years, have established a fantastic 5 star reputation.

The large premises have a bright and modern fitout that is only 18 months old and are the perfect size to run this popular store. The business website includes an online store, enabling the business to also sell to customers Australia wide and not just in the Townsville region. Categories include detectors, batteries, books, backpacks, cables, clothing, picks and tools, sluicing, coils, and skidplates.

Townsville Prospecting World is a certified Minelab dealer and authorised Garrett dealer. The new owner will need to be authorised by Minelab as the dealership does not automatically pass on when the business sells.  Other quality brands sold include:

  • Coiltek
  • Nuggetfinder
  • DD Leather
  • Lucky Knuckle
  • CC Picks

Business Hours
The business currently trades the following hours:

  • Monday to Thursday: 8.30am – 4pm
  • Friday: 8.30am – 4.30pm
  • Saturday: 9.00am – 12.00pm

Profitability
Townsville Prospecting World boomed in 2020 and 2021 throughout the covid-19 pandemic and is currently on track to earn an impressive net profit of $400,000+ for this current financial year.

Areas of Competitive Edge
Many areas of competitive edge exist including:

  • Very well established business for 11 years
  • Ideal location on one of Townsville’s busiest main roads
  • High profile position with great exposure to passing motorists
  • Very high net profit being achieved
  • Certified Minelab dealer and authoristed Garrett dealer
  • Premises have a new modern fitout that is only 18 months old
  • Business website includes a popular online store enabling sales Australia wide
  • Excellent reputation and loyal repeat customer base
  • 5 star customer rating on Facebook
  • Ample off-street car parking

Business Price
Townsville Prospecting World is being sold for $550,000 plus stock at valuation (estimated at $80,000 – $120,000).

Contact
To receive our Sale Proposal, please complete our Confidentiality Agreement at www.beyond2000.com.au/confidentiality-agreement or contact our Business Broker:

  • Susan Butler – 0419 905 463 / susan@beyond2000.com.au