Summary
Hydraulic Hose business in Fyshwick. Established in 2003. $19K+/week turnover, strong assets, loyal clients. Owner selling due to other ventures. Great growth and investment potential.
Revenue
$19,000 pw
Rent
$1,560 pw
Expenses
$6,000 pw
Net Profit
$2,750 pw
Location Details
54 Kembla St, Fyshwick ACT 2609
Potential
Increase stock margins, refine stock take process, increase advertising and owner to be more involved in the business.
Hours
7:30am – 5pm Monday - Friday
Lease
$6,240 per month + outgoings
Employees
2
Reason for Sale
The owner is selling the business due to commitments to other ventures.
About the Business
Locally owned wholesale business based in Fyshwick, ACT, specializing in hydraulic and industrial hose solutions since its establishment in 2003. The company offers a wide range of products and services, including hydraulic hose and fitting sales, mobile on-site repairs, custom brake and power steering hoses, pressure washer and jetter servicing, and high-performance motorsport fittings. With a strong supplier network and a strategic location in an industrial hub, the business is well-positioned to cater to various industries across the Canberra region.
Since acquiring the business in December 2023, the current owner has implemented significant improvements, including a modern inventory and operations system, enhancing efficiency and stock control. The business boasts valuable assets such as inventory worth up to $150,000, shop equipment valued at $96,000, and a $35,000 fitted-out truck. Operating efficiently with just two employees, the business benefits from a loyal client base generating around $19,000 in weekly turnover, with additional walk-in traffic and about 30 active trade credit accounts.
Despite its strong foundation, the owner is selling the business due to commitments to other ventures. The business operates five days a week, with a leased premises of 350 m² at $6,240 per month + outgoings. Recommendations for future growth include increasing margins, expanding advertising, refining inventory processes, and potentially transitioning to an owner-operated model to boost profitability. With opportunities for service and product expansion in a growing market, the business presents strong investment potential.
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