Domestic removals & specialised freight

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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
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