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*** SOLD ***
Iconic Whitianga Hardware Business-Suit Tradesman
Listing: #15988
Grant Jacobson
Broker | Bay of Plenty
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in Thames-Coromandel
Iconic Whitianga Hardware Business-Suit TradesmanThis would be one of the longest standing businesses of this type on the Coromandel having been in existence for 50 years, now the owners of 25 years have decided it’s time to retire. Situated on the new main road into Whitianga town centre the business has huge exposure to locals and visitors alike as any one coming into town from the south passes the front door of this business. This hardware business has been the go to place for trade’s people and the general public due to the huge range of products it holds and the experienced service you receive when you need it. No school kid employees here, you only get experienced staff with a wide range of general knowledge to help you match the right product with your needs. Whether it be plumbing, electrical, power tools, outdoor products, paint, building, automotive products, general home, key cutting, safety products, concreting, spa & swimming pool products, landscaping and gardening you name it this business has the products you need and if they don't have it, they will get it for you. Opening hours are 7 am to 5 pm from Monday to Friday and Saturday from 8 am to 1 pm. An economical rent of $43,200 per year is in place with long term landlords keen to negotiate any additional lease periods required. The turnover is approximately $875,000 returning the two working owners a net surplus of $166,000 per year. This business offers a great opportunity for a new owner to continue to develop and grow the already solid customer base while also taking advantage of living in one of the loveliest beach side towns on the Coromandel. Note: Stock at Value Figure is Approx $400,000.00
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This listing is no longer taking enquiries as it is SOLD
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.