08 8361 3074

Home Renovation Business

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Business Description

This business is part of a franchise that has over 35 franchises operating across Australia, and the Adelaide South branch is the only branch in South Australia.

The vendor purchased the Adelaide South branch of the business in October 2018 and started trading from its current location from January 2019. It operates within a designated and agreed territory of Adelaide, Southern Adelaide, Southern Adelaide Hills and the Fleurieu Peninsula.

The current owner operates from a home office on the Fleurieu Peninsula so location is no barrier to running this business. As there is minimal stock or handling of materials required, other than on the job site, a home garage for storage is more than adequate. The main business activity is in a clients’ home reviewing the kitchen and renovating the kitchen. As the software is cloud based quoting can be done from a laptop or mobile device, anywhere there is an internet connection.

The business model is based on renovating kitchens by offering a service which replaces doors, drawer fronts, benchtops and splash backs to provide a fresh new kitchen appearance without the cost associated with a full kitchen renovation. They can also provide a full kitchen renovation as at times the kitchen is beyond economic repair due to age and condition. The installation of wardrobes, bathroom cabinets, and laundries are also part of the business model.

Whilst a sales and operations background is not required to run this business it will assist the new owner in managing the business successfully.

Eunice Tan 0435 383 398 | Tony Iasiello 0412 217 608

At a Glance

  • Kitchen & Cabinetry Renovation Franchise
  • Installations by sub-contractors
  • No lease required
  • Over 70% return on investment
  • Can be operated from any location

Eunice Tan 0435 383 398


Extended Price Information

Goodwill including Plant & Equipment $190,000
Stock at valuation (approx) $5,000
$195,000

Financial Summary

Year Sales Return to Owner Return on Owner's Investment
2019/2020 $339,783 $77,720 39.86%
2020/2021 $493,713 $137,297 70.41%
2021/2022 $511,665 $152,959 78.44%