Kurrajong Builders Supplies Hardware Store For Sale

Business description

This long established Hardware Store has a unique position, providing good old fashioned service and quality products to the builders, home handymen, owner builders and local businesses in the picturesque town of Kurrajong, North West of Sydney.

Situated on the main street of Kurrajong, the Business is known as the “the” hardware store in an area and as there is virtually no competition within a 10km radius and more importantly, is expected to remain “Bunnings Free”, cashflow is has remained strong over recent years and is expected to remain that way in future.

The Business provides a huge variety of building products, hardware, tools and paint from modern indoor and outdoor premises, with excellent access, parking and almost new racking systems. These premises were purpose built by the former owner (who still owns the property) affording customers excellent access and plenty of parking while the overheads remain very low.

The excellent margins are derived from membership of the Thriftylink Chain, which provides the excellent buying power and logistical benefits of the Danks Group. Combine this with excellent stock control systems and a diverse client base and you will find a consistently profitable business.

Features of this investment opportunity
• “Bunnings free” region
• Strong cashflow
• A Thriftylink Store – part of great John Danks Group
• Established over 34 years and mainstay of local business community
• Excellent main street frontage
• Very low overheads
• Virtually no competition
• Diverse revenue base of loyal clients

The Owners are now looking for a change of pace so have decided to offer this fantastic business for sale. It is ideally suited to an existing Hardware Retailer looking to expand their existing portfolio or someone looking for a solid business with a captive market.

Property information

Real Estate:

Lease

Location:

Situated on the main street of Kurrajong, the Business is known as the “the” hardware store in an area and as there is virtually no competition within a 10km radius and more importantly, is expected to remain “Bunnings Free”, cashflow is has remained strong over recent years and is expected to remain that way in future.

Type – Leased
Lease – to be negotiated with existing owner
Rent - $2,977 + GST per month - no outgoings

The business is in an excellent position, situated in the main street of Kurrajong, towards Richmond, some 70 km north west of Sydney CBD.

The building comprises a large showroom and rear storage (with large loading dock) office and kitchenette on the main street level. The lower level comprises storage for timber and building supplies, opening out to a yard and drive through loading area, with a second street access. A modern, covered racking system houses the balance of the timber and building supplies and the overall condition of the premises is excellent

The building is owned by the former owner of the Business, so along with improvements made by the current owner is purpose built for the hardware business. There is plenty of on street parking and rear yard access for pick ups and deliveries as well as a loading dock to the upper level for deliveries.

Other information

Expansion potential:

This business is being offered for sale at arguably the bottom of the current building cycle. For an astute investor, this represents an opportunity to buy into a growing part of NSW at the best possible time.

Competition / Market:

The business is situated in the main street of Karrajong, and there is no competition for a 10km radius. More importantly, the region is “Bunnings Free” -there are no plans or site suitable for a Bunnings Hardware store to be built in the region in the foreseeable future.

Support & training:

The Owner is prepared to work with the new owner during the transition period.

Reasons for selling:

The Owners are now looking for a change of pace so have decided to offer this fantastic business for sale. It is ideally suited to an existing Hardware Retailer looking to expand their existing portfolio or someone looking for a solid business with a captive market.

Inventory / Stock value:

$360,000

Contact the seller