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Freehold Home Improvements Awnings & Blinds Newcastle

$1,206,000

Newcastle, New South Wales

Freehold Home Improvements Awnings & Blinds Newcastle

This well-established business of over 20 years has an exceptional reputation within the market offering a quality range of awnings and blinds which is thriving with more and more householders investing in their home and entertaining areas.
The business has grown and evolved over the years investing in new equipment and technology to ensure competitive pricing and quality control to the consumer whilst improving margins to the business. The business has a quality register of assets including many sign written vehicles.
The adjusted net profit has been consistent averaging approximately $228,000 to the owner whilst managing a work and life balance. The business part of the sale is $456,000 plus stock at cost offering a 50% return on investment.
The freehold property is $750,000 (plus GST if applicable) with an applicable rent of $54,000 plus outgoings plus GST offering a return on investment of 7.2%.
With interest rates so low, quality business and property combinations with these returns don't last long.
If you are interested in finding out more about this quality opportunity, please follow the links below. You can also email info@merchantbrokers.com.au or call 1300BROKER.

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Last updated: 31st August 2020

Summary

Property Type
Commercial
Contract Type
For Sale
Location
 Newcastle
State
 New South Wales
Price
$1,206,000
Category
  • Industrial/Warehouse

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Agency

Business Brokers Network

Business Brokers Network

Contact

Shane Fox