Mount Magnet WA 6638
Freehold $395,000 returning $5,000 per month

DESCRIPTION

Phone enquiries - please quote property ID 29785.

This is a fantastic opportunity to purchase a lucrative freehold hardware store, cafe commercial kitchen, and 3BR residence. The property is being sold alongside a successful, well-established, easy-to-run destination business with multiple revenue streams, no competition and huge growth potential....

The store boasts a reputation for having “everything”: from key cutting to water purification, Muzz Buzz Coffee and a range of food and drink options. Adjacent to the store sits the diner boasting a full commercial kitchen. Currently, the kitchen is only used for food preparation. It was once a full-time cafe - which can easily be reintroduced. The diner also operates as the Centrelink Agency offering an additional income stream. To the back of the property sits the well-presented three-bedroom/one-bathroom residence.

Included in the sale:-
• Hardware store business, well-established with no competitors.
• Hardware store freehold property and all equipment.
• Diner premises next door, currently running at limited capacity but offering a full commercial kitchen and the opportunity to be run as a full-time café.
• Three-bedroom, 1 bathroom residence.

The massive premises boasts a prime commercial position on the main road in the centre of town. Surrounded by popular retail and service outlets, it sees significant foot traffic and passing trade. The shop front is highly visible, an imposing building with clear signage and strong branding. The shop front is easily accessible with street parking and off-street parking bays.

There are three separate buildings: Hardware Store, Diner, and Residence, and the property is on two titles, one for the well-established and striking hardware store, and one for the cyclone-proof renovated 3bed/2bath house to the rear and inviting diner with commercial kitchen, courtyard, alfresco and nursery area. The entire property (2024 m2) is securely fenced as one compound with a 2m high fence. A beautifully presented, imposing piece of real estate.

The only hardware store in a 200 km radius and 350 km to the nearest Bunnings. It’s been in business for over 2 decades, with top suppliers and premiere brands making for a stellar reputation and a great range to offer.

With clear avenues for substantial growth, this is an incredible opportunity to purchase not only a successful freehold with a business poised for expansion but a fun work-life balance in a friendly community. Options for this location include re-opening the café full-time, increasing marketing efforts to find new customers, continuing to expand the range and taking advantage of the continued growth the area has seen in recent years and is projected to see into the future.

At a glance:
• 3 premises on 2 titles.
• Hardware store with active business, commercial kitchen and cafe partially operating and ready to go full-time, and 3BR residence.
• Highly successful and profitable business and impressive freehold, well established - over two decades.
• Fantastic location and wholesome community, with substantial competitive advantage (no local competitors for hundreds of kilometres).
• Multiple revenue streams - hardware sales, food sales and Centrelink Agency fees
• Clear avenues for growth
• Easy to run business and enviable country lifestyle
Enquire today!!!

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