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Double Glazing Business In Holden Hill For Sale

Adelaide, South Australia
Asking Price:
$200,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$900,000 (AUD)
Cash Flow:
$100,000 (AUD)

Overview...

+ Centrally located in an industrial hub which contributes to continual growth and market success.
+ Awarded ‘Franchisee of the Year’ at the 2008 annual company conference in Adelaide.
+ Provides double glazing services to upgrade the performance of existing windows and doors without the need for replacement.
+ Offers a wide range of products to help insulate your home or office for super interior noise reduction and thermal comfort.
+ Specializing in residential and commercial buildings.
+ Long track history of serving government and commercial projects eg. hotels, schools, offices, buildings, restaurants, and heritage listed properties.
+ Provides a customized solution to suit specific customer needs.
+ Quick installation with minimal disturbance carried out by highly experienced and licensed installers.


Details and Particulars...

+ Managed by one full-time owner-operator, one part-time associate, a secretary, one casual workshop assistant, and two installers.
+ Low rent of $25,000 per annum including outgoings plus GST.
+ Low royalty and advertising fee, is only 8% of turnover.
+ No competition (exclusive and only franchise in South Australia).
+ Operating five days per week, Monday to Friday.
+ Steady growth with strong referrals.
+ High net profit and adjusted to approximately $197,000 per annum after expenses for the 2017/2018 financial year.
+ Fully equipped large workshop.
+ Two vans included in the sale.
+ Full training provided.
+ Great support for six months, post the settlement, by the vendor if needed.
+ Full contacts and data provided by previous jobs and clients.
+ Same owners for the last eighteen years.
+ Flexible franchise terms and condition to the approved purchaser.
+ First time on the market.
+ Selling due to owner retirement .
+ Highly recommended with a great opportunity to grow further with more networking and exposure.
+ Please call for a confidential inspection to secure this rare opportunity.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Lease

Lease Terms:

Month on month lease. This provides flexibility in case a new owner wishes to relocate the business.

Leasehold Rent:

$25,000 (AUD) per annum

Location:

Holden Hill.

Exclusive franchise license covers all of South Australia. However, 99% of work comes form Adelaide and surrounds (within 100km of CBD).

Premises Details:

Warehouse, workshop, showroom, front office, back office and storage space.

The current premises have been used for the past 13 years and over that time specifically customized to suit the business operations.

Business Operation

Expansion Potential:

The current premise is perfect for the current level of turnover, but has some extra room to expand.

Competition / Market:

Little direct competition. Some indirect competition.

Magnetite is a retrofitted double glazing and as such targets existing building insulation upgrades. Main form of competition comes from traditional double glazing companies that target new builds, something that Magnetite is not particularly suitable for.

Reasons for selling:

Two Owners. One is retiring, the other wants to pursue other interests.

Trading hours:

8am-4pm

Employees:
5
Years established:
2001

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Standard franchising agreement to be signed by the purchaser. The franchisor will approve the buyer before the purchase takes place so that the new owner becomes a franchisee.

Other Information

Support & training:

This is a franchised operation and all the support and training is provided by the franchisor.

Furniture / Fixtures value:
$50,000 (AUD) - included in the asking price
Inventory / Stock value:
$60,000 (AUD)
Website:
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Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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