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For Sale

HARDWARE STORE IN A GROWING OUTER SUBURBAN REGION $849K (+SAV)

Ringwood , Victoria

Summary


  • For Sale
    Contract Type
  • Victoria
    State
  • $849,000 (plus SAV)
    Price
  • Building and Construction Homeware/Hardware Homewares/Hardware

Features


Description


Located in a growing outer Melbourne Metropolitan area with very few local competitors, this independent hardware store is a goldmine for an astute buyer. Having been in operation for nearly 80 years, this business presents a unique opportunity with fantastic returns.

This business has prospered since the current owners took over with strong performances over the last 5 years and steady increase in retail and a number of high quality trade customers and returns are at a very healthy average north of $300k over the last 3 years.

Some core strengths of this business include:
• Strong supplier relationships
• Strong revenue performance
• Significant cash sales
• Healthy profit margins
• Long lease with options to renew
• High quality staff looking to remain in the business
• Excellent stock management with Inventory Turnover Ratio at approx. 4.5 LFY

Please submit an enquiry for more details on this business and a copy of the Business Profile. All enquiries will be asked to complete an Online Confidentiality Agreement.

Please note that images in this advertisement are for illustrative purposes only and do not represent the business or its products.