Murray Region, NSW

BR1286 - Mitre 10 (Deniliquin)

Profitable retail hardware business, established for more than 30 years, high profile brand name, excellent opportunity in a regional town experiencing a resurgence in economic activity

SNAPSHOT
- Very consistent sales at $3.8m per annum over three years
- EBITDA $290,000
- Asking price $450,000 plus SAV (approx. $850,000)

OVERVIEW
- Well-established, profitable, high profile brand name business
- Established for more than 30 years, 11 years under the current owners
- Consistent revenues and EBITDA
- Strategically located under very long and stable lease terms
- Minimal competition in the hardware retail space with nearest major competitor up to one hour's drive away
- The only plant nursery and packaged garden products business in the town
- Operates 7 days per week with staff of 19
- Flexible handover/ transition options available to a purchaser depending on wants and needs
- Approximate sale split as follows: 63% Retail, 12% Trade, 8% Nursery, 17% Garden Supplies
- Gross Profit Margin consistent over many years at 33-34%
- Extremely competitive pricing achieved for inventory sourced through Mitre 10 as a national buying group

STRENGTHS/ BENEFITS
- Nearest competitor up to one hour away
- Attracts customers based primarily on geographic location and superior levels of customer service as compared to competition
- Enjoys substantial trade in its well developed outdoor plant nursery area
- Is the retail destination for a wide rural catchment for all hardware, garden and nursery, kitchen, BBQ, and associated products

LEASE
- Land area 6150 sqm, building 2490 sqm
- Five years commencing August 2013 with three (3) further options of five (5) years each
- Rental approx $100,000 per annum plus outgoings
- Located adjacent to the Coles Supermarket and Harvey Norman store

REASON FOR SALE
- The majority shareholder and manager of the business seeks to retire (health reasons). The current manager is offering flexible transition terms to ensure the continued success of the business, maintenance of the diverse and large customer base, and extension of the excellent relationship with the Mitre 10 organisation.

Please contact Cameron Ryan of Boyd Ryan Business Sales & Consultants on 0411 145 114 for a confidential discussion about this business or register your interest by submitting your details via the 'Contact Broker' section of this page. Please quote reference BR1286.

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