Huge Order Book Home Renovation business and Retail Outlet
Huge Order Book Home Renovation business and Retail Outlet
Industry :
Industrial/ManufacturingSub Industry :
Building and ConstructionThe current owners are looking to reduce their workload and are ready to exit the business. The new owner will need a Restricted Builder's Licence or be in the process of obtaining one. The vendor may offer assistance with licensing supervision while you complete your licensing requirements if you are the right fit. A husband-and-wife team with experience in building, renovations, or retail would thrive in this business.
An incoming owner doesn't need to be on the tools. The diversified revenue streams are generated from supervision of bathroom, kitchen and laundry renovations as well as retail sales of quality fittings from a top end retail showroom. The retail showroom and warehouse is based in a desirable Brisbane location with easy access for high income clients building and renovating their homes in the surrounding Suburbs. Elite dealerships with large range of fixture and fittings wholesalers attracts customers and designers to the Showroom which in turn generates retail sales as well as renovation referrals. Projects are managed by the internal supervisor who ensures projects are completed by suitably qualified subcontractors.
* Rapidly growing revenue
* Large pipeline of work in hand
* Trained retail and supervisors
* Top end showroom with unique product range
Revenue has been growing rapidly supported by a substantial forward order book and sales pipeline. Retail sales include Elite dealerships with a large range of fixtures and fittings supported by suppliers with recognised industry brand names. The warehouse and showroom are on the same site with security of tenure to 2028 as a minimum. High visibility of passing trade within a big box retail precinct and adjacent to a multi-lane, high traffic Brisbane Road.
Staff are in place to run the business on a day-to-day basis with the current owners focusing on business development, but the P&L's also show ample profits to justify employing a manager to replace the current owners should you wish to run the business under full management. Significant plant and equipment is included in the sale such as vehicles, warehouse and retail showroom fixtures. The asking price is very well supported by equipment valuation but a very attractive ROI opportunity is also on offer.
Excellent return on Investment. Seeking Expressions of Interest over $550k + sav
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$550,000 + SAV
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
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Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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