Phone enquiries - please quote property ID 26572.
Warburton True Value Hardware is an independent hardware store and is part of the major Mitre 10 Group. It offers a complete range of home improvement and hardware products for home or weekend projects. The store has been helping the Warburton community since the early 1900s, with long-term commitment and dedication to its members and customers every day. After years of 30 in the business, the owner wishes to sell this successful hardware store which is heavily relied upon by the community.
LOCATION:
The business has huge exposure and is situated in the busiest section of Warburton, next to the IGA and opposite the Shell Petrol Station.
TRADING
The business trades 7 days per week (owner works 5, but regularly travels interstate for holidays). Annual turnover is currently $2,000,000
STAFFING:
7 employees including the owner
PREMISES
The premises are leased with secure leases in place. Total lease expenses are approximately $65k per annum. There is plenty of parking around the business.
RESIDENCE:
Included in the lease is a fully renovated 4-bedroom residence above the hardware building. This is ideal for those who want to be close to their work/business.
TOP BRANDS
Include Makita, Weber, Yates, Rockwell, and Dulux, to name a few.
MAIN CUSTOMERS
Include DIY, Home Renovators, home garden, builders, and Handyman. Although sales are relatively consistent throughout the year, the peak time is between October and January.
MARKETING:
4 catalogs per year (True Value catalogs) plus local sporting club sponsorships.
SKILLS
Experience in retail or customer service would be advantageous to successfully take over this local gem. A general understanding of home maintenance and repairs would also be desirable but not essential.
GROWTH POTENTIAL
Warburton has been discovered, houses are selling fast and renovations began because of the world-class mountain bike trail project. It is expected to cost $4.2m with an estimated economic benefit of $23.5m. Warburton was a very low-income area but with the new homeowners coming in that is changing and is expected to continue.
There is also an opportunity to create a website and online store to service more customers.
INCLUSIONS:
All fixtures, fittings, and equipment are included in the sale including two trucks a forklift a 12-camera video system, and an up-to-date 3-user computer system that takes care of sales and stock ordering.
Stock will be sold at valuation and estimated at around $320,000
NOTE: Freehold of the property could be negotiated.
Your expression of interest is welcome. The price is negotiable but only serious offers will be considered.
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
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