Katherine Mitre10 - highly profitable with multi million sales p.a.
Katherine Mitre10 - highly profitable with multi million sales p.a.
Industry :
Home/GardenSub Industry :
Homewares/HardwarePhone enquiries - please quote property ID 26439.
This is truly a once-in-a-lifetime opportunity to purchase a well-established key business in a growing region.
Katherine Mitre10 is the principle local retail hardware supplier to Katherine and its region. The store has been servicing the retail hardware industry of Katherine and its surrounds since 1995 and focuses on Do It Yourself, including rural and agricultural property owners, and business to business customers.
As a member of the Mitre10 franchise, the store has access to a comprehensive range of retail and trade hardware products on excellent terms of trade. Katherine Mitre10 also participates in a national marketing and promotional program through the Mitre10 group.
Executive summary:
Over 4 million annual sales.
Excellent margins.
Over 20 years of trading history with the same owners.
Long-term and very stable customer base.
Limited direct local competition.
Strong product offer with over 12,000 SKU's stocked
Excellent terms of trade with suppliers
75% cash 25% debtor business.
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$1,500,000
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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:
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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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