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Building And Construction Business For Sale in Brisbane North Brisbane QLD

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Leading Franchised Tile Retailer $35k Per Week T/o. 35% Growth In 2019/20

Location:Brisbane, Queensland

Category:Building and Construction, Franchise, Retail

Asking Price:$329,000

329000

  • Sales revenue : $1,860,000
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : $SAV
  • Leading Franchised Tile Retailer $35k Per Week T/o. 35% Growth In 2019/20
  • Leading Franchised Tile Retailer $35k Per Week T/o. 35% Growth In 2019/20
  • Leading Franchised Tile Retailer $35k Per Week T/o. 35% Growth In 2019/20
  • Leading Franchised Tile Retailer $35k Per Week T/o. 35% Growth In 2019/20

Business description

Potential

There is a significant opportunity for the new owner to further develop the ‘trade’ side of the business. The current owners acknowledge that this market is significant and largely overlooked at the moment.

Skills

As this is the most respected franchise brand in its industry, you can expect full training to be provided

Reason for Sale

Owners seeking change

About the Business

Major North Brisbane suburb with easy access to major arterial roads serving the burgeoning inner north suburbs and growing renovation demand in outer north bayside suburbs. Only 12k’s from the CBD. Recent retail developments in the local area such as Bunnings, Beacon Lighting and other major retailers have added considerable foot traffic and interest to the area across the 7day trade.



The owners have operated this excellent and profitable business for over 4 years. It occupies an impressive 460 sqm plot with additional parking onsite. The showroom is a standout aspect of this business with a beautifully appointed 320 sqm showroom with clean, modern and welcoming displays stocking a vast selection of tiles, bathroomware and stone products (as well as ample space to manage deliveries and customer pick ups in the warehouse and a mezzanine floor that provides a large quiet space to get the paperwork done) . A true one stop shop for home builds and renovations. The owners have worked hard to create an offer that is focussed wholly around providing quality personalised solutions to suit all customer types, projects, and budgets (commercial to small DIY). As such, there is little real competition with other businesses in this arena.



The location has excellent main road/high traffic flow frontage and there are plenty of public parking spaces available directly outside the front doors allowing large numbers to access the store with ease.



There is significant opportunity for the new owner to further develop the trade side of the business as the current owners acknowledge that whilst the trade base is growing rapidly they have largely overlooked this significate opportunity at the moment.



Stock replenishment is easy and timely, with the Franchisor holding and supplying stock from a centralised warehouse facility in Brisbane and in other major state centres. Bathroomware suppliers freight directly to store and customer orders can be organised and despatched directly to site.

History

• 35% year v year turnover growth (= additional +$480k)

• Circa 12% nett margin (owner operator)

• Impressive showroom, builder’s selection room, racked warehouse, mezzanine office and kitchen

• Lease options until 2031 (equates to only 8% of turnover)

• Good mix of retail and trade clients

• Fully systemised and supported

• Full training provided

Other Information

  • Is Business Relocatable?: No
  • Is Business Home Based?: No
  • Franchise: Current term finishes - 18th December 2021 Further Options - 2 x 5-years
  • Years Established: 2016
  • Employees: 2 F/T & 1 Casual
  • Trading Hours: M - Sa - 8.30am - 4.30pm Su - 10.00am - 2.00pm
  • Support Training: As this is the most respected franchise brand in its industry, you can expect full training to be provided
  • Reason For Selling: Owners seeking change
  • Lease Terms: Leased until 31st October 2026 Further lease option - 1 x 5 years
Transworld Business Brokers
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