Profitable Total Tools for Sale - North Melbourne
Long established - Perfect for a strategic buyer or savvy acquirer looking to expand in a lucrative industry
Industry :
Home/GardenSub Industry :
Homewares/HardwareKey Strengths:
Low overheads & operating costsHuge growth potentialMinimal competitors in the areaAbout the business
Total Tools is nationally-recognised for its extensive range of professional tools, knowledgeable service and advice, along with its first rate approach to customer service. This is your chance to join Australia's leading tool retail franchise in a tightly held market, with a store that continuously rates in the top 10 in the country for annual turnover!
Key features of the business:
- Revenue of approximately $11 million and growing (forecasted to reach $12 million in 2022)
- Excellent lease and franchise terms
- Operating from a recently refurbished, large retail/industrial premises, with ample parking space - the business has great capacity to expand further
- Highly profitable with consistent year-on-year growth
- Store stocks 7000 products every day, with access to an additional 60,000 products nationwide
- Unrivalled in-store expertise in industrial and commercial tools
- Professional in-store merchandising and layout, setting industry standards
- Exclusive supplier for buying power tools - built from years of positive supplier relationships and collective purchasing
- Operational support and business information systems
- Ongoing marketing support and NO marketing fees, in fact, Total Tools helps to fund local area marketing activities as well
- Full training and ongoing support in all areas
- Experienced management and staff already in place
- Current owner will provide training and management handover to the new operator
Perfect for a strategic buyer or a savvy acquirer looking to expand in a lucrative, highly profitable industry.
Contact +613 8658 2292 for a confidential discussion
For further information on the business or to organise a site visit please complete the NDA/Confidentiality form here.
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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!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
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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