Highly sought-after area high clearance side by side warehouses. High exposure for any business.
This profitable tile retailer, with 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.
Attention developers, builders and tilers. Triple your returns with available stock in store ready to sell and avoid long waits and delays on importing due to Covid-19. The business is suited to potential buyers looking for expansion opportunities.
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 property for sale has 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: $839,000 Plus GST *Price includes SAV (Approx. $2,400,000), equipment and three vehicles
Freehold Asking Price: $2,400,000 (total for the two properties) excludes GST
Total Asking Price: $3,239,000