Domestic removals & specialised freight
Sold!
Web ID:
Business Description
- Distributing throughout SA for over 40 years
- Involved in lots of commercial distribution of new furniture and whitegoods
- Experienced staff with a number of trucks
- Consistently returning an owner operator around $300,000 per annum
- Operates 5 days per week
- The freehold property is available to purchase (optional)
Simon Winter 0419 828 689
Extended Price Information
| Goodwill | $310,000 |
| Plant & Equipment | $165,000 |
| Stock at valuation (approx) | Nil |
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$475,000 |
Financial Summary
| Year
|
Sales | Return to Owner | Return on Owner's Investment | Return to Investor | Return on Investment |
| n/a | $740,000 | $239,944 | 50.51% | $169,944 | 35.78% |
| n/a | $768,333 | $238,886 | 50.29% | $168,886 | 35.55% |
| 2014/2015 | $732,590 | $260,408 | 54.82% | $190,408 | 40.09% |
| 2015/2016 | $724,432 | $253,950 | 53.46% | $183,950 | 38.73% |
The return to owner is a net return to one working owner (who works approximately 30 hours per week) after all expenses and wages but excluding the vendor’s wage.
Staff Summary
The business employs one full time and four casual staff
Lease Summary
| New Rent | $42,000 per annum + GST |
| Lease Term | 5 years |
| Lease Commencement | Settlement date |
| Right of Renewal | 1 x 5 years |
| Outgoings | Paid by the tenant |
| Adjustments | CPI annually & to market at renewal |
| Bank Guarantee | 1 month's rent |
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Plant & Equipment
| Original Cost of Plant | $296,318 |
| Written Down Value of Plant (approx.) | $165,000 |