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Shop & Retail business for sale in Kilsyth

  • Shop & Retail
  • Kilsyth VIC 3137
  • $3,250,000 (GST na)

Exclusive Tile Business & Freehold

A highly profitable tile retailer, saleable stock reserves worth $2.4 million with a purchase price of only $839,000. Part of the sale includes two (2) warehouses and one (1) showroom with an average rental return of approximately $130,000 per annum.

Triple your returns and avoid long waits and delays on importing due to Covid-19. The business is suited to potential buyers looking for expansion opportunities, mainly geographical, savvy developers, existing tile businesses, builders, and tilers.

The business has a range of kitchen, bathroom, porcelain, and ceramic tiles imported from Italy and Spain, offering flooring tiling solutions that you cannot find anywhere else in Victoria. The current owner is reaching planned retirement and looking to hand over this long-established business with a solid reputation. Customers consist of 50% general public, 30% builders, and 20% tilers.

The key features of the business are:

Strong competitive differentiation - directly imported Italian and Spanish tiles

Easy travel distances to the showroom

Unique product - you cannot easily find these tiles elsewhere

A very well known, firm brand name

High barriers to entry due to access to stock required, including direct import supply relationships

Opportunity to secure a long-term, stable business with a loyal customer base

Opportunity to invest in new advertising to further grow the customer base

Opportunity to expand an online presence with the full range on the website, supported by online marketing

Horizontal growth opportunities - expand into bathroom fittings and accessories - e.g., baths, taps, shower screens

Geographic expansion - expand to additional stores in strategic locations, leveraging the robust brand name

The freehold opportunity:

The properties for sale have been home to this exclusive tile business for decades and features two (2) warehouses and a showroom with prominent primary road exposure.

Premises one is a 471 m2 clear span warehouse with amenities and a communal customer car park to support 33 vehicles. This property is the perfect base for a stock storage facility or office/showroom with the potential to value add to suit the user.

Premises two is located next door and is a 581 m2 clear span warehouse with high clearance at a high visibility location.

The key features of the property are:

Industrial 1 Zoning

Located amongst high traffic industrial retailers

20,000 approx. daily passing cars

Mezzanine Storage in addition to floor space

Combined total area 1052 m2

Whether you are a business looking to upsize and wanting to capitalise on the primary road exposure, or an investor looking for the ideal rent, set and forget, this opportunity is worth a closer look.

Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.

Business Asking Price: $800,000 Plus GST *Price includes SAV (Approx. $2,400,000), equipment and three vehicles

Freehold Asking Price: $2,450,000 (total for the two properties) excludes GST

Total Asking Price: $3,250,000

Must sell by 20th December 2021.

Finn Business Sales
Greater Melbourne
(03) 9372 0243

Broker: Dominic Pronesti

Dominic Pronesti
Finn Business Sales.
Dominic Pronesti
Finn Business Sales.

Business Highlights

Business ID2017444565
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  25 Nov 2021
Map for Kilsyth VIC 3137
Map for Kilsyth VIC 3137Kilsyth VIC 3137
Dominic Pronesti
Finn Business Sales.
Dominic Pronesti
Finn Business Sales.

Business Highlights

Business ID2017444565
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  25 Nov 2021
Finn Business Sales.
Po Box 9999 Melbourne VIC 3000
Dominic Pronesti
Finn Business Sales.
Dominic Pronesti
Finn Business Sales.
Dominic Pronesti

Dominic Pronesti

Finn Business Sales.

Call Broker
0409258866
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