Long established Paver and Tile Retail Penrith, Sydney
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
Business ID: BS141345
Profits to Owner Operator $400K pa - Sale Price $840,000
This is a well known branded store and trusted leader in the supply of indoor and outdoor pavers, tiles and stone products.
Over the decades the industry has seen style change, but they have always been there to give advice and service in floor tiles, wall tiles, natural stone, pavers, retaining walls, artificial grass
and everything associated with these products.
This Store currently operates from a high exposure main road location in Penrith, an outer Western Suburb of Sydney. The store has been located there for many years and a well-known
destination for New Home Buyers, Renovators, Landscapers and builders and DYI projects.
The business has beautifully presented indoor and outdoor displays for their products which is regularly updated with new trending product and promotions. The showroom and outdoor is well set out for customers to browse and discuss the various options with the very knowledgeable and helpful sales staff.
Business highlights are as follows:
-Est 1989 - 30 years in business
-Capable team in place
-High growth area
-Current Revenue circa $1.8M
-Bottom line benefit/Profit to the owner operator circa 25%
-Profit to owner in 2019 $403K (2018 $433K)
-Strong gross margins (43%)
-Minimal stock and working capital required
-Access to large range of proven and respected products
-Business is systemised with operating procedures in place
The owners are naturally wanting to assist an incoming owner with a smooth and seamless transition. The business is well systemised with well documented procedures in place and key staff have extensive knowledge in the industry to support a new owner in the transition.
All staff live locally and it is expected that they will all transition with the sale.
The business has the opportunity to increase sales through local area advertising and social media.
Penrith is a growing area with new suburbs cropping up North and South of the area providing for future growth opportunities.
This opportunity would ideally suit an owner operator looking for a well run business providing an excellent return on investment.
Asking price: $840,000 plus SAV $50K.