Sydney, New South Wales 2000
ARCHITECTURAL HARDWARE FITTINGS FOR BATHROOMS, BEDROOMS, STUDIES, KITCHENS AND CABINETRY.
For Sale | $220,000
The business is a trade supplier of luxury architectural hardware for bathrooms, bedrooms, studies and cabinetry. The business has exclusive distribution agreements with prestigious international designer brands, and a distributor for leading Australian brands.
Most sales derive from specification by architects, designers, cabinet makers, and word of mouth.
LOCATION: Very well located in Sydney's building designer area.
RENT: $33,000 (The lease is renewable in May 2021).
Net Profit: $195,000 (PEBITDA)
EMPLOYEES: Can be managed with a single owner-operator. (Most sales are remotely managed and the business could also be relocated).
POTENTIAL: The owner has established an excellent rapport with designers, architects and cabinet makers, and the business is well positioned to benefit from continuing stimulus in the building, development, and renovation industries.
There is a huge opportunity to grow and expand this business to a new level.
ALL THE WORK IS DONE:
o Beautiful contemporary showroom
o Cloud based management systems.
o Most orders and sales are received and managed remotely.
o Strong cash flow and low stock levels.
o Mailchimp set up for email campaigns.
The business experienced rapid sales prior to Covid with very high margins. Sales pulled back during Covid when many large projects were put on hold.
Many of those projects are now coming back on line, and the business is currently experiencing a very significant resurgence in sales for February and March, leading to a significant rebound.
This is a dynamic and high margin business that is well positioned to grow significantly.
Most sales are as a result of trade based project sales, rather than retail. The showroom is quite marvelous and well positioned, however is not essential.
The owner wishes to provide extensive support to the new owner and introduction to the design industry, and is willing to provide extensive and ongoing support to the new owner.
Featured in designer magazines including Architectural Digest USA and Germany, Elle Decoration, Belle, Inside Out, House and garden, Home Beautiful, Interiors Addict, and others.
o Cabinet makers.
o Luxury Home market.
o Commercial Projects
o Retail Fit-out projects.
This is avery affordable business with high margins and huge potential in a designer market, and a unique opportunity.
If you have funding and a genuine interest please contact the broker without delay.
IMPORTANT DISCLAIMER: Potential purchasers should note that the information that is provided is either information provided by the Vendor or compiled from information provided by the Vendor. The Broker and representatives are not in a position to make any statement as to the authenticity or accuracy of the information provided or in relation to the content of any document. It is important that you obtain your own independent financial, accounting and legal advice regarding the information.