Allbizsales Phone : 1800 85 ****
Paul Smith
0420 ****

0420 ****


Well-positioned multi-channel bathroom supplies business in Melbourne

Listing Id : 285248

Location : Victoria - Melbourne -Melbourne

Category : Retail, Wholesale, Manufacturing and Industrial

Asking Price : 1,750,00 + SAV

Business description

This is an omni-channel bathroom products supplier, specialising in modern, classic and contemporary styles. The business was established in 2012 and currently has 4 large retail stores across metro Melbourne, as well as a growing online store. The retail stores are in carefully chosen locations which draw from large geographical areas of Melbourne and are supplied from a single distribution centre, which additionally houses the core administration and finance arms of the business. This business has a broad base of suppliers in place, both Australian and overseas with strong relationships which can be further leveraged. Key opportunity exists to expand the footprint of the business across Melbourne and interstate and grow both Trade and Retail revenue streams.

Location Details

Has four showrooms/stores located across the broader Melbourne area

Potential

Operating in a large industry where there is considerable opportunity to seize a greater market share from existing competitors by rolling out its offering across a wider area, providing good value products and a greater variety and the business already offers some of the most competitive prices, industry wide. There is scope to grow the e-commerce side of the business further, however, online competition is unlikely to cause large scale disruption to the business in an industry where consumers still prefer to see products in-situ.Gross margins sit at around 50%, with potential for improvement if the product mix is skewed towards overseas suppliers, rather than local.

The retail operations demonstrate excellent revenue results and profitability and it is expected that a purchaser will provide expertise and experience to streamline administrative and group operations to increase the profitability of the company as a whole.


Skills

There is a fantastic opportunity here for a buyer to purchase a young, dynamic player in a large addressable market and shape its future growth. The growing reputation of the business should provide a smooth pathway for expansion across the wider Melbourne area and/or interstate and the company can leverage existing relationships and foster new partnerships to grow the trade arm of the business, alongside its online presence.

Lease

Expiry May 2**** ****
2 x 5-year options


Key facts about this business:

- A business with a wonderful reputation and loyal customers, coupled with a strong product offering and platform.

- This business has positioned itself as a strong mid-tier player providing products that are stylish, on-trend but also excellent value for money for customers.

- Broad range of bathroom products from both local and overseas suppliers.

- Strong retail and trade arms with scope to grow the newly added online store.

- Four retail stores across metro Melbourne with the most recent opened in early 2019.

- A young business with excellent expansion prospects both across the broader Melbourne area, as well as across other states.

- Gross margins are good but, there are also opportunities to increase these further by increasing the number of products sourced from overseas suppliers.

- Well positioned for a purchaser to leverage the amazing reputation of the business among customers and suppliers and expand its reach and cut-through.

For more information on this opportunity, please contact the undersigned:


Paul Smith
Business Sales Specialist
Allsales Business Consulting & Business Sales
M:**** **** T: 1800 858 696 E: [email protected]

For more details go to and complete our online confidentiality agreement. Use the reference ID 1282**** **** to search for the business.

Disclaimer:
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.



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