Summary
Comprehensive selection of industrail supplies Bearings,hydraulics and brass fittings, oils, nuts and bolts, agriculture sundries, belts etc.
Revenue
$1,626,168 pa
Rent
$104,000 pa
Expenses
$1,119,440 pa
Net Profit
$402,728 pa
Location Details
15 O'Born Road and 67 Tanunda Road Nuriootpa
Located in Adelaide Hills and the Barosa Valley
Potential
SA Bearings has an excellent product range and suppliers, this business could be expanded to other sites like Victor Harbour, and many more large country locations that lack the facilities we offer. Product range can be increased if so desired.
Skills
Many of the staff have been with SA Bearings for considerable years, training of staff normally takes 3 months depending on knowledge.
Hours
Mount Barker is open five and half days equal to 48hours per week
Nuriootpa is open five days at 45 hours per week
Lease
Mount Barker has 4 remaining years before renewal
Nuriootpa has 7 years left
Employees
4 full time employees plus 4 casuals
Reason for Sale
This business was started in 1988 and expanded with a second location in 2005, due to my age (73) it is time to retire.
The sale cost including stock, plant and goodwill is $1,200.00.00 Current stock for both shop is $906,959.00 working this out on a WIWO basis.
PLEASE NOTE: In selling this business I am only interested in owner operated, the business requires a hands on approach.
About the Business
SA Bearings has a large selection of industrial products.
I chose to invest in this area when I saw that the closure of many retail outlets throughout Adelaide created a gap in the market and presented the perfect oppurtunity for an opening.
Currently have a broad range of products, extending the range to new lines is viable if required, the potential for expantion is only limited to personal achievment.
All current lines are well organised for ease of sale.
Full records are available to serious buyers.
Connect with us