Summary
Exciting opportunity to acquire a retail business supplying concrete related products to trades and the general public across the Mornington Peninsula. Profitable business with huge growth potential.
Revenue
$750,000 pa
Rent
$54,000 pa
Expenses
$450,000 pa
Net Profit
$250,000 pa
Location Details
24 Colchester Drive,
Idealy located in the Rosebud industrial estate with great exposure to related trades and services.
Potential
Great opportunity to grow this business in a diverse economic environment. The Mornington Peninsula is experiencing rising investment in businesses, holiday developments and residential building providing a positive impact on turnover. The business is ideally suited to a young couple as only 1.5 staff are required for daily operation. The business was established in Dromana in 2012 and moved to larger premisesr in 2023.
Skills
A general understanding of the building industry, or concreting, would be an advantage however, this is not essential. The business operates using the "Lightspeed" front of office inventory and point of sale system coupled to the "Xero" accounting system.
The business comes with a 2022 Fuso Tray Truck for deliveries (requires only a car licence), a forklift and all factory and office fittings.
Hours
Operating hours are 6.30am to 4.00pm Monday to Friday. Closed public holidays and between Christmas and mid January.
Lease
Current lease 3 x 3 (commenced 2023). Landlord happy to renew to new operator.
Employees
Currently operating with 3 part time staff who each work approx 20 hrs per week.
Reason for Sale
Owner retiring
About the Business
The business was established in 2012 to provide concreters and other trades with speciality products including mesh, bar, retardants, sealers, tools machinery etc. Trades include concreters, llandscapers, builders in addition to residential customers. The business is ideally situated on the Mornington Peninsula providing a one stop shop for our targetted customers.
There is significant deveopment being undertaken across the Peninsula which we are strategically placed to benefit from. Existing competitors are primarily focused on other targets or do not provide the range of products and services. We provide delivery across the Peninsula and further afield if required. All products are sourced from a range of industry specialists providing comprehensive product and technical support.
History
Business established in 2012 in Dromana before moving to larger premises in 2023 in Rosebud.
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