Business ID: BS------
Limited Competition, $400K Profit Target 2021, Impressive Premises
This hardware store has been serving a vibrant South West Queensland town and its surrounds for over 20 years. The business provides a wide range of timber, hardware and building materials, and has built a reputation for providing friendly and helpful assistance. The team of employees is expected to remain with the business.
Operating 7 days a week (Sat & Sun half days), the store supplies both tradespeople and homeowners. The business operates on a 4281m2 site, with various purpose-built retail and warehouse areas totalling over 1000m2. There is limited competition in the area and the owners believe the dynamic of the area would prohibit a large scale competitor from entering the market
-Assets valued by owner at $172K included with the sale
-Turnover circa $2 million per annum
-Margin circa 35%
-2021 on target for $400K profit to owners
-Substantial purpose built premise in prominent location
The business belongs to a buying group and participates in a nationally coordinated sales and marketing program. A four week hand over is anticipated to ensure a smooth transition and the owners are available after this period on a consultancy basis if required
The business is being offered as a freehold. Asking price for the business is $1,150,000 including assets valued at $172,280 PLUS Stock at Cost (estimated at $250K) PLUS Freehold Property at $750,000.