Summary
Located in Agnes Water where it monopolises the region for hardware, trusses and kit homes. Ideal for either a family, owner with management team or corporate buyer.
Location Details
34 Bicentennial Drive
4.5 acres (14,700 m2) of flat rectangular commercial land in the industrial estate entering town. This includes about 90 m2 of road frontage with plenty of onsite customer car parking. There is lots of room for trucks or vehicles with trailers.
Potential
This business has always been grown by establishing long term relationships with builders and locals. A new owner can increase business by ramping up the webpage, online ordering, delivery and social media channels. Create one brand, a home centre setup or individual entities through your marketing.
The property still has a mountain of space out the back and down one side for expansion of existing divisions or for the creation of new ventures.
Skills
You will need a team to be able to manage a conglomerate of businesses. You will also need the skills to be able to take advantage of the rising property construction and population boom which will see the town double in size in the next 5 years.
Hours
Monday to Friday 7.00 to 4.30
Saturday 7.30 to 1.30
Lease
A freehold sale is preferred but the owner is negotiable for a leasehold sale and will include a new lease for you.
Employees
15 staff and 2 owners
Reason for Sale
The owners have spent over 20 years developing this business from a startup to the current vertically and horizontally integrated monopolising conglomerate that it is today. They now feel it’s time for retirement so as they can follow their passion of racing pigeons!
About the Business
The true beauty is the fact that this business dominates the area to the extent where it has locked up the market. It is not viable for another competitor including a big box retailer to enter the region.
The key links in the conglomerate
Retail Hardware – the core of the business and one that has grown from being located in one shop on site to now occupying the most space including all four shops in the main building.
Landscaping – includes bulk roadwork, garden and yard material.
Kit or module homes – there is a wall of designs and photo’s from happy clients. Both kit homes and sheds are constructed on site for owner builders or as final products. This division gains substantial benefits and profitability associated with upstream divisions such as hardware, landscaping, frame and trusses construction.
Frame and Truss construction – for builders and the internal kit module home division.
Boiler making – this is catered within the business both onsite or offsite.
Mechanic - on site catering for quality work on all mowers and pump repairs.
Transport and freight –Agnes Water is ideally located between the port cities of Gladstone and Bundaberg. Accordingly, it is these two population bases containing 150,000 people and businesses that consume the fuel of the transport and freight delivery business.
Skip bins – added only a few months ago and why not? Fits in nicely with all the other divisions and just continues to solidify this business as the one stop shop for all locals and businesses.
Stock, assets and P&L
A list of these will be provided for buyers signing a confidentiality agreement. Stock and assets are over $1 million and includes five trucks, a front end loader, two forklifts and a load of plant and equipment.
This business trades at well above average net profit margins due to bulk buying, integrated business opportunities and savvy operations gained from being in business for decades.
The property
Let’s start with 4.5 acres (14,700 m2) of flat rectangular commercial land in the industrial estate entering town. This includes about 90 m2 of road frontage with plenty of onsite customer car parking. There is lots of room for trucks or vehicles with trailers.
From there you can move easily between several buildings occupying 2,219 m2. There are 7 integrated buildings ranging from 90m2 to 840m2. These buildings are in good condition both internally and externally as can be seen by the attached pictures.
History
It's a 20 year story of constantly building and expanding the business both in volume or by intergrating synergistic divisions.
It should be noted that this business employed 42 staff and generated $8-9 million in revenue during the last boom heights. This current financial year is on schedule for 240% revenue growth as the region prepares for a doubling of population within the next five years due to a housing boom, extensive estate development and a new retail precinct. Now that’s some market growth!
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