Knights Building Supplies
Stock Included: No
Stock Value: —
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• Iconic business with more than 110 years of operation
• Member of HBT buying group
• Excellent corner locations for both businesses
• Opportunity for growth
• Kyabram freehold available by negotiation
Knights Building Supplies in Kyabram and Stanhope is an iconic, long-run building supplies retailer. The Kyabram store has serviced Kyabram and the surrounding area for more than 110 years.
The current owner acquired the Kyabram business in 1977 and in 2014, saw an opportunity to expand the business and opened a second store in Stanhope.
Both businesses enjoy excellent corner locations in the central business district of their respective towns. Each premises consists of a good-sized retail store along with yard utilised for storage of supplies. The vendor owns the Kyabram freehold which is also available for sale by negotiation.
Knights Building Supplies in Kyabram and Stanhope provide hassle free solutions for any home improvement projects whether its renovations, refurbishing or rebuilding, the businesses have the materials, tools and advice needed to get the job done.
Knights Building Supplies is run under a Buying Group Agreement with Hardware & Building Traders (HBT). HBT is a buying group created for independent timber, hardware, garden and building supplies retailers. The group commenced operation in January 1997 and now has over 700 retail stores located throughout every state and territory in Australia.
The owner plays an active role within each of the businesses and is supported by the Sales Manager. The businesses also employ various sales, administrative and yard personnel which includes 4 full time staff and 3 part-timers.
The Hardware and Building Supplies Retailing industry is anticipated to continue to grow over the next five years. Opportunity for growth also exists with the introduction of Sunday trading. An e-commerce website would provide consumers with flexibility and convenience without the geographical boundaries, potentially widening the area of service.