Inspirations Paint Whyalla

$250,000 + SAV ($120,000 approx.)

Web ID: S8702

Business Description

At a Glance

  • Located in Whyalla
  • Trades 6 days per week
  • Strong annual sales
  • Large franchise
  • Two working owners

This Inspirations Paint store is situated in Whyalla, some 395 kilometres from Adelaide, with a population of approximately 21,742. Whyalla is a seaport located on the east coast of the Eyre Peninsula and is known as the ‘Steel City’ due to its integrated steelworks and ship building heritage. The city of Whyalla is experiencing a mini boom at the moment with the new owner of Whyalla Steelworks announcing $600 million worth of projects. Whyalla’s city council anticipates its population will explode in the next 10-20 years to 80,000. Future projects include a new $45 million hotel, $145 million horticulture development and $6 million recycling business.

Inspirations Paint Whyalla is the only paint specialist in the town and services Whyalla and its outlying area. Retail sales have increased since 2017, resulting in a higher gross profit and percentage of gross profit, as the population has gained confidence in the town since OneSteel was purchased by the current owner in late 2017. The pandemic this year has also had a positive effect on the business with many home owners turning to DIY projects during the time.
 
The business is a Dulux Trade Agent and earns commissions from Dulux when selling to trade accounts for all Dulux and accompanying brands. It also has strong retail sales. The Inspirations Group has exclusivity to Berger Premium Paints that are made by Dulux and are the number 1 selling brand in store with good margins. Franchisees also get a great rebate on all premium brands from the Dulux group, including Berger and Dulux Premium paints.

David Hutchinson 0414 440 953


Extended Price Information

Goodwill including Plant & Equipment $250,000
Stock at valuation (approx) $120,000
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$370,000


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