Freehold Landscape Supplies – Newcastle area
NSW
Last asking price $2,550,000
Sold January 2023
General Retail, Home Services
This business and freehold property is on the market for the first time ever! The current owner has had this business for over 35 years and is now looking to retire.
The sale includes the reliable and well-known business, plus the exceptional property which makes a total return to the owner of approximately $530,000 based on EOFY2021.
The business typically trades just 5.5 days per week with 80% of sales to homeowners, trades, and organisations who purchase bulk and bagged landscape supplies plus landscaping materials. Approximately 20% of sales are quoted and build landscape projects where a builders or equivalent license is required. This is a very high-margin business with no wholesale sales.
Key Sale Highlights
The business is listed for $950,000 (plus stock at cost - estimated at up to $60,000) with a
normalised adjusted net profit to the owner of $444,000 for EOFY2021.
The property is listed for $1,600,000 with market rent at $88,000 per annum.
EOFY2022 year-to-date financials are looking to be up on last year!
The sale includes a fleet of tippers, bobcats, equipment, the website, and the trading name.
The location is in Lake Macquarie NSW, just south of Newcastle.
If you are interested in finding out more about this quality opportunity, please email xxxxx or call the managing business broker - Shane Fox on xxxxx.