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Beaumont Tiles - Franchise re-sale. Great location, turnover and prospects

$220,000.00 Building & Construction / Business For Sale
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Averaging a turnover circa $1m, excellent reputation, differentiated range/offer, purpose-built location, main road frontage, larger than normal franchise area.

Royalties

4% of gross

Marketing Fees

4% of gross

Length of Agreement

Both the Franchise Agreement and Lease Agreement have 2 further 5-year option terms beyond the current terms that finish later this year

About the Opportunity

Major growth corridor for new developments and strong residential sales. This SEQ Western corridor city has a population growth in excess of 5% and is set to continue according government statistics. This blend of ‘old and new’ is the perfect marketplace for a business such as this supplying quality solutions for both new build and renovation projects.

This Franchise site was ‘purpose built’ over 4 years ago and occupies an impressive 809 sqm plot. Vehicle access is via a private drive to the side of the building with car parking spaces allocated and room for delivery vehicles to access the warehouse at the rear. It has excellent main road/high traffic flow frontage and there are plenty of public parking spaces also available within walking distance, so even on the busiest of days customers will rarely be inconvenienced.

The main aspect of this business is the beautifully appointed 260 sqm showroom with clean, modern and welcoming displays stocking a vast selection of tiles, bathroomware and stone products. The owners have worked hard to create an offer that is focussed wholly around quality and providing ‘creative’ solutions. As such, there is little real competition with other businesses in this arena choosing to focus more on the budget market.

There is a significant opportunity for the new owner to further develop the ‘trade’ side of the business. The current owners acknowledge that this market is significant and largely overlooked at the moment.

Stock replenishment is easy and timely, with the Franchisor holding and supplying stock from a centralised warehouse facility in Brisbane. Bathroomware suppliers freight directly to store and large customer orders can be organised and despatched directly to site.

Key Points

• Purpose built facility over 4 years old
• Impressive showroom, builder’s selection room, racked warehouse, mezzanine office and kitchen, onsite toilets
• Lease options until 2030 (2 x 5 years)
• Circa 15% nett margin (owner operator)
• 51/2 days a week trading (no late-night trading)
• Good mix of retail and trade clients
• Fully systemised and supported
• Full training provided

Year Business Established

4

Year Franchising Commenced

2015


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Member since 27/11/2019

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Listing Details

  • Asking Price
  • $220,000.00
  • Price Comments
  • +Stock at Valuation (SAV)
  • Status
  • Business For Sale
  • Business Type
  • Building & Construction