Regents Park NSW 2143

$450,000 Negotiable

Timber & Building Supplies - Excellent corner location/Exposure - High turnover!

Established construction materials supplier offering Timbers, Sand/Cement, Bricks + Blocks, Roofing, Fencing, Lintels, Gyprock, Fibre Cement Sheeting, Doors, Bathroom and Tapware, Insulation and Hardware to mainly builders, tradies who make up 70% of business and 30% retail customers. We are a reputable supplier who generate sales through word of mouth only. With the right marketing strategy- the potential to grow this business is great. A future website that enable purchasing online will boost sales further. Furthermore, for the astute buyer, entering the building/developing game with this supplies business will be an advantage over your competition.

Currently operating 6 days Monday to Saturday.

The location is a corner block with good vehicle traffic approx 2000m2 of yard space with shelving, 4 sand bins holding 36t each, office facilities and storage. Access to the site is good for both trucks and cars. Plenty of on-street parking and in yard parking.

The sell price includes for flat bed truck Hino 500 10t with crane, a 2.5t Nissan forklift, a CAT front loader and machinery to serve customers. With this sale includes also relationships with over 20 major suppliers and a database of established customers. Currently have 3 employees on casual and full time working basis. Does NOT include stock. Stock will be assessed at time of purchase/handover - approx $100,000+.

In the last financial year, turnover exceeded $2.2 million with profit margins of approx 30% or over $650,000. The years previous also were between the $2 million to $2.5 million. The potential to grow this business is great - depending upon the right product mix, establishing new customers through advertising and the internet and smart purchasing which can include importing of select materials to boost profit margins and estabilish niche markets.

The property is owned by the current business owner. The owner is NOT selling the property but will be leasing the yard with 5+5 year leasing term @ $2300 neg per week rental.

The reason for selling the business is for family reasons - the owner regrets the sale but is moving back home in helping run an established family business due to parents retiring.

Genuine offers will be reviewed and accepted. Preferably this business is suitable to entreprenuers who have some building knowledge and experience with efficient service delivery, but buyers without building knowledge can also thrive with some guidance. The owner will be happy to stay working at an agreed wage for 4-8 weeks to assist in the transition between management teams and educate the new owner the technicalities of selling building materials.

Property Details