Hardware – Freehold – Investment

For Sale

·
South Coast

Business Code: CB1062

$3,500,000
+ Estimated Stock (SAV) $550000
Key Features: Sole supplier of building materials in area. - Great position. - Steady income from leased shops. - Good range of products.
State: NSW
Suburb: Sussex Inlet
Location: Main road in popular and expanding coastal resort town with excellent potential.
Premises: Large freehold complex with hardware, 4 additional leased businesses and an apartment with a total area of 4000 sq. mts.
Price not disclosed

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Wishes to retire

Sale Reason

1985

Established

Good on site facilities

Parking

2 owners + 1 casual

Employees

7 days - Mon. - Fri. - 7.00 a.m. - 5.00 p.m. - Sat.- 8.00 a.m.- 1.30 p.m. - Sun.- 8.30 a.m.- 12.00 p.m.

Trading Hours

Long lease available

Lease

Thriving hardware business, franchised to a major supplier, is the main occupant of this freehold property. – Supplies all building materials, timber, hardware, tools, paint and landscaping requirements. – A small nursery, gift shop and home brew sales are also included in the business. – Mezzanine storage and an upstairs office are incorporated.- Delivery truck, forklift and all necessary equipment are included.

Features

Sole supplier of building materials in area. - Great position. - Steady income from leased shops. - Good range of products.

Potential

Major residential developments are planned and approved for the town. - Expand nursery facilities

Comments

Miscell.1 - Workers comp insurance - Miscell. 2 - Motor vehicle expenses - Outgoings - Rates $8317 p.a. includes entire property - Gross income from leased businesses and apartment is not included in profile income, and is approximately $43,000 p.a. - Sale price includes stock.-

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$15892
Cost of Goods
$10972
Gross Profit
$4920
Wages
$516
Telephone
$96
Insurance
$114
Electricity
$109
Misc 1
$50
Misc 2
$100
Total Expenses
$1144
Estimated Stock
(Additional)
$550000
Equipment
(Included)
$60000
Net Profit
$3776
Price
$3,500,000
+ Estimated Stock (SAV) $550000
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