For Sale: $365,000
Business Overview
This well-established business is rich in tangible assets and has the ability to grow without any further investment.
The business sells gardening tools, conventional landscape supplies, fertilizers, retaining solutions, specialist potting mixes, edging and decorative supplies.
The owners have made a substantial investment in an additional large Hino 700 Tipper of $120,000 in the last 18 months as well as a new loader. In addition, high-ticket assets include one more loader, a mini excavator, a forklift, and a small truck.
The Hino tipper is underutilised, being used just 2 days per week, and was purchased to create sizeable cost efficiencies, allowing the business to save on freight by loading from quarries directly and by increasing the delivery load to customers.
The business has also undergone some impressive modifications to its floor space and layout and presents immaculately.
The business requires minimal staffing and is exceptionally simple to run as a hands-on owner, or with a manager in place.
The role of the current owner is to primarily manage the ordering of materials, stay on top of bookkeeping, and visit the business once a month to liaise with staff. This role is split between a husband and wife who live closer to Sydney and can easily be replaced by one full-time Manager. The business could also benefit from a hands-on owner who is more involved in the day-to-day.
Revenue has been highly consistent, with FY23 and FY22 revenue of $749,597 and $806,734, respectively. The owners purchased the business at the end of FY21 and have invested in the business infrastructure with a larger fleet to prime further growth. They are selling due to commitments with young children, and have not been able to physically allocate the time to drive further growth. From a Purchaser's perspective, the foundation has been laid for you.
Underlying EBITDA FY23: $110,000 (approx)
Owners market salary: $99,000 Inc Super
Total gross income to owner : $209,000
Stock is estimated to be $160,000 and will fluctuate within normal business conduct.
What happens next?
This is a vendor-sold business which means you will be dealing with the vendor directly. The vendor's contact details are in the Information Memorandum, and the vendor will also immediately receive notification of your enquiry.
We have worked with the vendor to prepare their business and information for sale so that the process will be transparent and beneficial for both the seller and buyer.