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Rushworth Hardware For Sale

Rushworth, Victoria, Australia
Asking Price:
$150,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

• Member of Hardware & Building Traders (HBT)
• Trade depot for Haymes Paint
• Local delivery agent of gas cylinders
• Well established with over 50 years of operation
• Opportunity for further growth

Rushworth Hardware provides hardware, timber, garden, rural and plumbing supplies to Rushworth and the surrounding district, catering to both the domestic and commercial markets. The business is a trade depot for Haymes Paint and the local delivery agent of 45kg gas cylinders.

The business is a member of the Hardware & Building Traders (HBT) and has been for 5 years. HBT is a buying group created for independent hardware and building supplies retailers. The group offers its members lower buying prices, higher margins, and regular rebates. All members are independently owned and operated businesses and HBT fosters a strong culture of support and cooperation between its members.

The Hardware and Building Supplies Retailing industry has grown over the past five years and is anticipated to continue to grow over the next five. Economic recovery from the COVID-19 pandemic is projected to support rising incomes and stimulate capital expenditure on private dwellings, boosting demand for industry products.

Property Information

Premises Details:

Rushworth Hardware operates from a large retail store located on the main road through town. The business has a prominent central location with a significant curbside presence.

Business Operation

Expansion Potential:

There is opportunity for further growth with the implementation of an extensive marketing plan. An e-commerce website would provide consumers with flexibility and convenience without geographical boundaries, potentially widening the area of service. Use of social media across all platforms would also be beneficial.

Competition / Market:

The business is the only hardware store in the district with the closest competitor located in Tatura.

Employees:
Both owners work in the business; one on a full-time basis across all aspects of the business, the other approximately one day per week performing administration duties. Rushworth Hardware also employs 2-3 capable and knowledgeable casual sales staff depending on the time of year.
Years established:
This iconic business was established more than 50 years ago and was acquired by the current owners in 2006. Over this time, the business has developed a strong, well-established customer base.