Kitchen & Bathroom Improvements
Sold
Business Description
With the residential renovation market booming and 2019 set to increase by a predicted 4.9%*, a chance to enter the home improvement market with a successful
kitchen remodelling business represents a great opportunity.
The vendor established the business in 2002 and currently operates from a showroom/workshop which is located in an industrial park in the northern suburbs.The business has an excellent reputation built over many years & receives constant referrals from happy clients.
The vendor manages appointments, advertising and finances with the aid of an extensive database and customised business management software program. The workshop and job scheduling is managed by an experienced staff member with the help of a trade’s assistant and installations are completed by regular and reliable contractors with many years of experience.
The business is currently managed independently of the Granite Transformations franchisor, but benefits from being aligned with the world’s largest kitchen renovation business.A franchise agreement could be offered should the new owner want the support of the national company.
*source:www.openagent.com.au
At a Glance
- Kitchen & bathroom makeover specialists
- Longstanding business, established in 2002
- Solid reputation and good returns
- Regular & reliable contractors carry out installation work
- Potential for growth
Extended Price Information
| Goodwill including Plant & Equipment | $180,000 |
|---|---|
| Stock at valuation (approx) | $15,000 |
| $195,000 |
Financial Summary
| Year | Sales | Return to Owner |
|---|---|---|
| 2016/2017 | $1,474,767 | $112,221 |
| 2017/2018 | $1,303,259 | $140,847 |
The return to owner is a net return to one working owner after all expenses and wages but excluding the vendors’ wage.