Summary
Excellent opportunity to purchase a business with great returns and a great lifestyle. very large customer base,large variety of product and huge potential for growth. Great secure income.
Revenue
$1,280,000 pa
Rent
$36,000 pa
Net Profit
$420,000 pa
Location Details
63 - 65 Conadilly Street, GUNNEDAH
The business is located in prime main street position with off street parking and easy access surrounded by other light industrial businesses which brings a lot of customers to the area as well as a lot of passing trade.It has workshop and showroom.
Potential
.The current owner has identified a lot of potential products and services that would greatly enhance the business as well as many of the existing stocked items can be expanded very easily. As well as increased product range there is huge potential to either franchise or open similar businesses in other towns.The demand is definately there. This is a unique business that can be expanded in many directions that would easily boost the turnover and maintain excellent profits.
Skills
The only skills required are common sense, a good attitude and be willing to learn, the owner is willing to teach what is required as well as many of the suppliers have training programs or in house training. The boat code agency has formal training by NSW Maritime. Hands on experience and repitition are invaluble teachers. Training can be easily arranged for all product groups.
Hours
Monday to Friday 7.30am to 5.00pm
Saturday 8.00am to 11.00am
Lease
Starting the 1/8/23 the lease has been renewed with a 2 year lease and 2 year + 2 year option = 6 years.
Employees
3 employees including the owner but the day to day running can be done by 2 people. The minimum ideal number in the shop would be 3 employees which would leave 2 in the shop when someone is away. The business has the capability to have more employees
Reason for Sale
Owner has an expiry date !!!
The owner has been in this industry for many years and has operated this business for over 27 years and is now looking at forward planning for retirement but is willing to stay on until the new owner is confident the business is running to it's potential. The business offers a great lifestyle and is very embedded in the local community with great client base and is one of the main "go to" businesses in town .
About the Business
Business for Sale
Lifestyle, Lifestyle, Lifestyle with a great income.
This is a once in a lifetime opportunity to purchase a business like this and become a valuble part of the community.
The business is in Gunnedah northern NSW which has a diverse range of cropping, livestock, mixed farming and various Industry and Mining and has been established since 1998 with continuous proven growth and potential for much higher growth rate in the coming years.
The business is an Agricultural /Industrial Hardware business in which the scope of diversity is endless.
The products range from Nuts & Bolts, Belts & Pulleys, Bearings, Filters, Chains & Sprockets, Industrial Hose, Hydraulics, Trailer Parts, Safety Equipment, Welding gases, Brass Fittings, Tools as well as Boating Equipment, Ammunition, Camping and outdoor Gear just to name a few.
The business is the Boat Code agent for the area and surrounding district and is in a prime position in the main street, easily accessible with off street parking and workshop facilities.
There are in excess of 700 customers on account as well as many cash customers and 600 suppliers on file which keeps the trade very busy.
This is a worthwhile business to look at with excellent return on your investment and would easily support 2 families to make it easier to obtain.
Full training can be provided and it can be run with minimal staff for maximum returns.
History
The business was started 1/9/1998 with the owner seeing potential need for a business of this style. We set a 5 year turnover estimate and achieved it within the first 10 months and has not looked back since. This business is one of the main "Go To" business in town not only for all the common parts but also those unusual and hard to get parts. Over the years the business has had a very diverse range of products which brings in a large and diverse range of customers which is not just servicing the local market but many in the region.
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