Industrial/Manufacturing
Brisbane QLD
Price:
$2,400,000 Inclusive of stock
Group of Plumbing Supplies Stores For Sale
Group of 5 stores spread throughout South -East Queensland
38 years under the current owner
Store managers in place at each location
Turnover approx. $10M + with strong EBITDA
Asking price includes an estimated $1.4m in stock and an estimated $600,000 in plant & equipment including large fleet of vehicles.
This long established plumbing supplies business has been established since 1950 with the current owner taking over the business in 1981. Over the last 4 decades the business has had steady growth and now has 5 stores spread all over South- East Queensland. With a large multi million dollar turnover, the business has built a really good spread of customers with the majority being tradies who order products frequently. They are also part of nationwide buying group of over 320 stores which gives them strong buying power from the industries leading brands.
With store managers in place at each outlet and an area manager overseeing operations, the owner has mimimal input into the business. In fact most of the staff are very long serving and have remained extremely loyal over the years allowing the owner to have almost no involvement in the day to operations. With the owner well past retirement age, they are ready to move onto the next chapter, but want to ensure the business continues into the future.
There is a large Fleet of utes included in the sale and some freehold property may also be available to purchase for an incoming buyer.
Genuine buyers will need to sign a detailed confidentiality agreement and demonstrate their financial capacity before any information is released.
$2,400,000 Inclusive of stock and Plant and equipment
Michael Yared
0431 172... (click to show)
38 years under the current owner
Store managers in place at each location
Turnover approx. $10M + with strong EBITDA
Asking price includes an estimated $1.4m in stock and an estimated $600,000 in plant & equipment including large fleet of vehicles.
This long established plumbing supplies business has been established since 1950 with the current owner taking over the business in 1981. Over the last 4 decades the business has had steady growth and now has 5 stores spread all over South- East Queensland. With a large multi million dollar turnover, the business has built a really good spread of customers with the majority being tradies who order products frequently. They are also part of nationwide buying group of over 320 stores which gives them strong buying power from the industries leading brands.
With store managers in place at each outlet and an area manager overseeing operations, the owner has mimimal input into the business. In fact most of the staff are very long serving and have remained extremely loyal over the years allowing the owner to have almost no involvement in the day to operations. With the owner well past retirement age, they are ready to move onto the next chapter, but want to ensure the business continues into the future.
There is a large Fleet of utes included in the sale and some freehold property may also be available to purchase for an incoming buyer.
Genuine buyers will need to sign a detailed confidentiality agreement and demonstrate their financial capacity before any information is released.
$2,400,000 Inclusive of stock and Plant and equipment
Michael Yared
0431 172... (click to show)
Price Suffix abbreviations
P.O.A - Price on Application
Negotiable - Price can be negotiated
W.I.W.O - Walk in Walk Out(Buyer walks in, Vendor walks out)
O.N.O. - Or Near Offer
E.O.I. - Expressions of Interest
Freehold - The property in which the business is situated is owned outright. No rental.
Leasehold - The property is occupied on a rental basis, under a lease. Terms of the lease vary, commonly "3x3"(3 years with a 3 year option), "5x5x5",etc.Note:Rent $...PCM = Per Calendar Month
+ S.A.V. - Stock At Value
+ G.S.T. - G.S.T. is to be paid by buyer
+ Equipment - Equipment to be included in final price
+ Fixtures & Fittings - Items like security systems, lighting, signage,menu boards,etc. are not included in the sale price.
+ Plant - Plant not included in the sale price.
+ Vehicle - Vehicle price to be added to final price
All Inclusive - Everything associated with business included
Stock Included - Stock business holds included in final price
Negotiable - Price can be negotiated
W.I.W.O - Walk in Walk Out(Buyer walks in, Vendor walks out)
O.N.O. - Or Near Offer
E.O.I. - Expressions of Interest
Freehold - The property in which the business is situated is owned outright. No rental.
Leasehold - The property is occupied on a rental basis, under a lease. Terms of the lease vary, commonly "3x3"(3 years with a 3 year option), "5x5x5",etc.Note:Rent $...PCM = Per Calendar Month
+ S.A.V. - Stock At Value
+ G.S.T. - G.S.T. is to be paid by buyer
+ Equipment - Equipment to be included in final price
+ Fixtures & Fittings - Items like security systems, lighting, signage,menu boards,etc. are not included in the sale price.
+ Plant - Plant not included in the sale price.
+ Vehicle - Vehicle price to be added to final price
All Inclusive - Everything associated with business included
Stock Included - Stock business holds included in final price
Price:
$2,400,000 Inclusive of stock