Riverwood, New South Wales 2210

Tile Retailer with 17 years profitable trading history

For Sale | $550,000 + SAV

Building and Construction Import Retailer

The products of this business cover a range of applications including tiles for Bathroom, Kitchen, Outdoor Area, Living Room, Swimming Pool and Feature Wall. The business location is highly sought after, as it is in the largest hub of tile retailers known to builders, DIY and renovators across Sydney (South West). Excellent online presence with half of its products sourced and imported directly from overseas and the other half from local wholesalers. Low staff requirement as the current owner works full time with only 2 part time staff. Stock At Value is estimated to be around $400k as ample stock and wide range of choices is the strength of this business. Annual sales a little over $1M, annual owner adjusted earning around $300k.

- Well established brand and business processes
- Half products are imported from overseas with very high gross margin
- The business triumphs bigger competitors due to its wide range of product choices and attentive sales service
- Sales of tools and adhesive captures additional sales, but no installation service offered
- Good spread of different suppliers
- Good mix of customers (30% builders, 70% DIY and renovators) with
- Highly sought-after business premises owned by the same business owner and will be made available to the right buyer with market rent
- Current rent $100k-120k plus GST Plus Outgoings for a 420 sqm space (fully renovated in 2016-17), lease term negotiable
- Recession proof as people will always need renovation and therefore purchase tiles

For more details, contact Robert Su on 0451497687 or robert@biztransfer.com.au

Share

Contact


Robert Su



Marketing By


Robert Su

Business Brokers Network

Overview

This Building and Construction Business is one of 14 businesses for sale in Burwood, New South Wales, and one of 32 Building and Construction Businesses in this region that a business for sale currently has on offer. This Building and Construction Business is for sale in Burwood for the asking price of $550,000 + SAV and has been on market for less than 3 months.