Phone: 03 9569 2883
Mobile: 0419 910 099
Accord Business Brokers
Unit 3, 22 Fallon Street,
Caulfield, VIC 3162
Phone: 03 9569 2883
Fax: 03 8677 0868
Services for sale
**SOLD**BLIND RETAIL & INSTALLATION**SOLD**
• Asking Price $245, 000
• Ultra reliable financial performance
• Ideal for couple
• 50 Years of solid reputation
• No manufacturing
• Good lease, low rental
• Excellent growth opportunities
Business Description Summary:
This iconic business is almost an institution in the South Eastern Bayside suburbs, having commenced business from its current location in 1965. It has operated from the same premises for nearly fifty years, and is clearly very well known in the area and the heavy traffic on main road has added to its recognisability.
Originally the company did most of its own manufacturing but this was slowly phased out until all manufacturing ceased about ten years ago. This was a good decision which made the business significantly more profitable.
The operating hours are:
Monday to Friday 9:00 a.m. to 4:30 p.m.
Saturday 9:00 a.m. to 12:00 p.m.
The vendor is occasionally required to attend after hour’s appointments for measuring and quoting.
To simplify operations and keep costs down, the company has only three materials suppliers.
Market / Customer:
The customer base is drawn largely from the South Eastern Bayside suburbs. The company advertises in local newspapers in the area from Port Melbourne to Patterson Lakes and has a standard yellow pages listing including online.
Customers are split approximately as to 50% private and 50% commercial. Many customers are obtained through word of mouth recommendation and reputation. Roughly half of the work undertaken is from repeat or regular customers.
Products / Services:
The business is engaged in the supply and installation of window coverings/furnishings.
Product categories are:
• Roller Blinds - Sheer
• Roller Blinds - Blackout
• Roller Blinds - Other
• Roman Blinds
• Venetian Blinds - Timber
• Venetian Blinds - PVC
• Venetian Blinds - Aluminium
• Venetian Blinds - Other
• Vertical Blinds
• Pleated Blinds
• Canvas Awnings
• Vistaweave Awnings
• Dutch Hoods
Expansion into product categories requested by customers, but not provided for life style reasons are:
• Plantation Shutters
• Folding Arm Awnings
The premises are located in the south east of Melbourne and comprise approximately 178 square metres of ground floor and mezzanine floor space.
The ground floor of 130 Sq M houses the showroom, the work area, kitchen, 2 x toilets and a large office.
The mezzanine level has two separate storage areas and a spacious second office/recreation area.
The lease has three years to run and expires on 28th February 2016 and there is a two year option to renew.
Current rental is $13, 600 per annum plus outgoings.
Plant/Equipment / Fittings:
All furniture, fixtures and fittings are included in the asking price. Office equipment including computer, multifunction centre as well as all work benches, tools ladders etc are also included in the price.
The business owns and operates two vehicles which are fully paid and included in the asking price:
2002 Ford Fairmont Station Wagon
2001 Mitsubishi Econovan
The estimated value of the assets is $25, 000.
Management / Staff:
Staff is made up of:
• The vendor whose primary function is measuring and quoting.
• The vendor’s wife who attends to administration and showroom sales.
The admin/showroom sales function could easily be a half day function.
The only training required by a new owner would be the measuring and quoting currently carried out by the vendor. He believes that two weeks hand over would be adequate for this purpose and is also prepared to be retained on a consultancy basis for additional assistance or for ongoing measure and quote purposes.
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To receive ADDITIONAL INFORMATION on this business, please contact Steve Lentin:
Email Click to email.
- Business Category: Services
- Business Sub Category: Garden/Household
- Turnover: 600000