Leading Franchised Tile Retailer $35k per week t/o. 35% growth

Description

Summary
Averaging sales of $35,000 per week, excellent reputation, differentiated range/offer, impressive show room, main road frontage, excellent franchise area with strong clientele across trade and DIY.

Revenue
$1,860,000 pa

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

Hours
M - Sa - 8.30am - 4.30pm
Su - 10.00am - 2.00pm

Lease
Leased until 31st October 2026
Further lease option - 1 x 5 years

Employees
2 x FT
1 x Casual

Reason for Sale
Owners seeking change

About the Business
The owners have operated this excellent business for over 5 years.

The main aspect of this business is the beautifully appointed 320 sqm showroom with clean, modern and welcoming displays stocking a vast selection of tiles, bathroomware and stone products. The premises occupies an impressive 460 sqm plot (does not included car parking).

The location has excellent main road/high traffic flow frontage and there are plenty of public parking spaces also available directly outside the front doors, so even on the busiest of days customers will rarely be inconvenienced.

The owners have worked hard to create an offer that is focussed wholly around quality and providing ‘creative’ solutions. As such, there is little real competition with other businesses in this arena choosing to focus more on the budget market.

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

History
• 35% turnover growth vs previous year (= 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

Listing Details

  • Listing Number: 12225-613424
  • Location: Brisbane City, Queensland
  • Price: 329,000.00
  • Down Payment: 0.00
  • Sellers Discretionary Earnings: 0.00
  • Category: Building Materials

  • Inventory: 0.00
  • FF&E: 0.00
  • Employees:
  • Years Owned:
  • Reason for Selling: Owners seeking change

Business Listed By: