Kitchen & Bathroom Improvements

$220,000 + SAV ($15,000 approx.)

Web ID: S7245

Business Description

Impressive service & manufacturing business specialising in kitchen & bathroom makeovers. The vendor established the business in 2002 & currently operates from a fantastic showroom with a warehouse in the northern suburbs where all the work is prepared.  The business has an excellent reputation built over many years & receives constant referrals from happy clients. 

The vendor is based at the showroom and a sales rep spends the majority of the week on the road but works in the showroom on Saturdays.  The workshop is managed by an experienced staff member with the help of a trade assistant and installations are completed by regular and reliable contractors with many years experience.

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

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $220,000
Stock at valuation (approx) $15,000
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$235,000

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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