53 Westminster Street Oakleigh VIC 3166
$200,000.00

DESCRIPTION

Phone enquiries - please quote property ID 19814.

This business has been established for 30 years and supplies a multitude of products to a huge number of trade customers (wholesale and trade). It’s the ideal business providing excellent profits (turnover approximately $500k+ p.a.). Low overheads and good profits. Everything is in place including suppliers and trade customers.

To carry on running this business, basic engineering skills would be ideal. The main products sold include:-

- Fasteners, nuts & bolts
- Lubricants
- Adhesives
- Abrasives
- Cuttings Tools
- Hand tools – mixture of many brands
- Safety Equipment
- Batteries
- Electrical Products
- Toilet Papers, and towels, Hand cleaner
- Variety of paints

And much more. 1000's of products.

All fixtures, fittings, forklift and other equipment included in the sale. A full list can be provided.
Stock will be sold at valuation (approximately $800,000k)

The products are all well known brands including Inox for Lubricants, Bostik for adhesives, PFERD for abrasives, Suttons and Capital for cutting tools and many more well known companies. The business wholesales and supplies to the trade industry. Excellent reputation and longstanding customers.

There is no manufacturing making this is the ideal ‘middle-man’ business. All orders come via email or phone with no real website presence with an opportunity for the new owner to really take it to the next level.

Everything in place including 20 major customers, along with over 100 regular customers. Owner is seeking retirement and is more than happy to assist in the transition.

Good net profits with no staff required. Would also suit a husband and wife team or family business to further increase sales.

The business is run from Oakleigh which accommodates all the storage of products. The premises are approximately 300m2 with high 7.5m ceilings and high roller doors for easy access. There are 3 on-site car parks. A long-term lease for the premises can be negotiated or owner may consider selling the freehold for the right price.

Make no mistake, this is a good, profitable business exceeding $500k gross turnover. Could also suit an existing company to prosper from, or those already in the Engineering/Industrial supplies industry. Asking price is very modest, so don’t miss out on this opportunity.

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