Summary
OUTDOOR EQUIPMENT & HARDWARE BUSINESS - While it derives a predictable and steady revenue, it still holds considerable potential for expansion, through adding a “click-and-collect” function.
Net Profit
$432,483 pa
Location Details
Southern Forests Region
Excellent main street location in a town and region with a stable and well-off population. A loyal customer base of over 13,000 relies on this business and its loyalty is evident in the fact that 95 per cent of sales are to returning clients.
Potential
Five-year Average Net Profit $430,000
Opportunity to expand by introducing click-and-collect online sales and expanding the workshop, which currently has long wait times and has to turn away some work.
Lease
Current owners are offering the freehold building for sale at a price to be negotiated. (Circa $700,000)
Employees
Loyal, experienced staff are in place with the current owner providing the new owner with peace of mind by being willing to stay on as an employee.
Reason for Sale
This business has been in operation for over 70 years and the current owners have run the business for the past 29 years. It is now time for them to enjoy the fruits that the business has provided.
About the Business
IMMEDIATE EXPANSION AWAITS - While it derives a predictable and steady revenue of around $2.5 - $2.8 million a year, and has done for some years, it still holds considerable potential for expansion, through adding a “click-and-collect” function to its Website – a relatively simple process since all the major products it sells are already catalogued and illustrated.
A CLICK-AND-COLLECT system will open up the client base to a state and national customer base and who knows what the turnover could reach.
The current owners have reduced the stock holding to disperse of slow-moving and obsolete items, providing the new owner with tangible, saleable stock.
There is a level of comfort to the new owner with the current proprietor willing to stay on as an employee to ensure a SMOOTH TRANSITION.
Offers a very diverse range of products and services, ensuring sustained sales across multiple revenue streams.
A loyal customer base of over 13,000 relies on this business for its diverse needs, and its loyalty is evident in the fact that 95 per cent of sales are to returning clients.
An exclusive range of outdoor and machinery lines provides a marketing edge and positions the business as a respected leader in its field.
The business prides itself on being a one-stop-shop for hardware, engineering supplies and power equipment, ensuring that customers have access to the latest equipment and tools required for industrial, residential and commercial applications.
The business offers an extensive range of other equipment, providing a one-stop-shop for all farmers’ hardware and general hardware needs, including DIY, handyman equipment, power tools, and building products.
The business holds the exclusive right to sell high-profile brands in the area. This provides a significant competitive advantage for the new owner since both are renowned brands, highly respected by professionals and enthusiasts alike for their superior performance, reliability, and innovation.
The exclusivity of these high-quality brands creates a significant barrier to entry for potential competitors.
Investing in this business means acquiring a business with a robust and loyal customer base, a comprehensive product range, and significant growth potential. This winning combination makes it an attractive opportunity for any buyer looking to enter the hardware and equipment market with a strong foundation for success.
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