Hardware Store South Of The CBD (Melbourne)

29 days ago

Location:
Melbourne - Greater > Victoria

Investment level:
$100,000

Type:
Business

Industry:
Retail > Homewares & furniture > Furniture

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Internal Ref: 3856

Summary

Historically Working owner's income of $175,000Hardware store established for over 50 years (and still going strong) in high density inner suburban area.Many family owned hardware stores are findin...

About the Business

Historically Working owner's income of $175,000

Hardware store established for over 50 years (and still going strong) in high density inner suburban area.

Many family owned hardware stores are finding it difficult to compete with the majors in this industry, however this business is running counter to the trend with income to the working owner in the 2013/14 financial year approx $175,000.

Being situated where it is, it enjoys a much higher gross margin than you would expect to find in independent hardware stores. This is no doubt due its location in an area populated with customers who have high disposable incomes and are more interested in convenience rather than price.

Its customer base comprises local tradespeople and the home handyman who find it much more convenient to shop locally for low ticket items rather than waste time travelling to the nearest major store.

Even though the business is open seven days a week the owner only works four days as he wants to spend as much time as possible with his family; he has experienced reliable staff quite capable of running the business without constant supervision.

Asking price $100,000 plus Stock at Value.

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