Summary
Centrally located, well respected, booming business. With a turnover of over 2 m and the possibility of expanding, this is an opportunity not to be missed.
Revenue
$2,400,000 pa
Rent
$62,000 pa
Expenses
$2,082,000 pa
Net Profit
$256,000 pa
Location Details
North Queensland
Centrally located in Townsville, North Queenland, with easy access for customers and suppliers, next to the Bruce Highway. There is ample parking and disability access.
Potential
This booming business has been established for over 20 years and has an unblemished track record with a reputation of providing great quality and service. The combination of Manufacturing and Retail gives this business a prime advantage over the competition as it can deliver an independency of other suppliers and flexibility to complete the sale. $2.5- $3 million in sales per annum over the next 5 years is achievable for any motivated owner using this established, proven base to leverage from. Future opportunities will be reveailed to new owner
Skills
Experience in the building industry as a builder, contractor, retailer or project manager, this would be the business for you.
Hours
Currently operation Monday - Friday from 8am - 4.30pm. There is demand to open on Saturdays for the retail shop.
Lease
There is a 5 year lease in place with an option to extend for another 2 x 3 years.
Employees
Being consistently busy, they employ 6 full time staff (sales and management).
Reason for Sale
The sellers feel this is an excellent time to transition the business ownership as they wish to retire in the next year. That said, they will provide full support and training to the new owner.
About the Business
This major fencing retail and manufacturing business, is one of the largest in tropical North Queensland. Little advertising has been done in the last few years, such is the strength and quality of its name and reputation. Centrally located in the heart of North Queensland, it supplies to the larger Townsville region. Townsville is experiencing a boom in commercial activity and has the lowest unemployment rate compared to the last decade. This booming business has been established for over 20 years and has an unblemished track record with a reputation of providing great quality and service. This business is truly a one stop shop for all customer’s fencing needs. This business enjoys top rankings in Google for all relevant search phrases, and also receives constant leads that flow in from their top ranking web-site. With a sizeable $2.5m turnover last financial year, the business boasts an equally impressive net profit, making it a highly attractive purchase. Being so consistently busy, they employ 7 full time staff (sales and management) to deal with the steady, increasing volume of enquiries and tenders each week. All supplier accounts are setup and in place with good relationships and support across the board. Relationships with overseas suppliers gives this business the ability to compete with Bunnings and other suppliers. In-house processes have been streamlined with excellent IT systems in place for estimating, ordering, selling, scheduling and management. The business is a preferred supplier for the local Regional Council. The sellers feel this is an excellent time to transition the business ownership as they wish to retire in the next year. That said, they will provide full support and training to the new owner (longer term if required). $2.5 - 3.5million in sales per annum over the next 5 years is achievable for any motivated owner using this established, proven base to leverage from. There are further opportunities within this business that remain untapped and will be revealed to the new owner. This opportunity wont' last long!
History
Known for great customer service and quality products, this business had become the largest fencing retailer in North Queensland. This business has made smart improvements and implementation of programs and technology in the last couple of years to improve their customer experience and management of the business. They are currently updating the website to enhance this even further. With a little know how, this will be an easy takeover for the motivated manager or new owner.
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