Kitchen & Bathroom Improvements

$180,000 + SAV ($15,000 approx.)

Web ID: S7245

Business Description

With the residential renovation market booming and 2019 set to increase by a predicted 4.9%*, a chance to enter the home improvement market with a successful kitchen remodelling business represents a great opportunity.

The vendor established the business in 2002 and currently operates from a fantastic showroom on a busy main road with passing traffic in excess of 40,000 (DPTI).The workshop is located in an industrial park in the northern suburbs and this is where all the work is prepared and a small additional showroom for local residents is located.The business has an excellent reputation built over many years & receives constant referrals from happy clients.

The vendor is based at the Windsor Gardens showroom and manages appointments, advertising and finances with the aid of an extensive database and customised business management software program. A sales rep spends the majority of the week on the road attending to in home quotations, but works in the showroom on Saturdays. The workshop and job scheduling is managed by an experienced staff member with the help of a trade’s assistant and installations are completed by regular and reliable contractors with many years of experience.

The business is currently managed independently of the Granite Transformations franchisor, but benefits from being aligned with the world’s largest kitchen renovation business.A franchise agreement could be offered should the new owner want the support of the national company.

*source:www.openagent.com.au

At a glance:
  • Kitchen & bathroom makeover specialists
  • Longstanding business, established in 2002
  • Solid reputation and good returns
  • Showroom + separate workshop
  • Three full time experienced staff members
  • Regular & reliable contractors carry out installation work
  • Potential for growth

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $180,000
Stock at valuation (approx) $15,000
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$195,000

Financial Summary

Year
Sales Return to Owner
2016/2017 $1,474,767 $112,221
2017/2018 $1,303,259 $140,847
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The return to owner is a net return to one working owner after all expenses and wages but excluding the vendors’ wage.

Staff Summary

Three full time staff members, one vendor and regular and reliable contractors for installation work.

Lease Summary

Current Rent
Current Rent
Current Rent
Current Rent
Current Rent
Current Rent
Current Rent
The business is run from two locations and therefore there are two leases in place. The showroom is located on a major arterial road with the workshop located in the northern suburbs.

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