Summary
Thriving business for sale in Parkes, NSW! Sales > $4M, EBITDA >$1M Diverse revenue streams 10,000 sqm property Modern transport fleet Eager staff Expressions of Interest: Nov 30, 2023
Revenue
$4,000,000 pa
Rent
$90,000 pa
Expenses
$3,000,000 pa
Net Profit
$1,000,000 pa
Location Details
Forbes Road
Large commercial property in Parkes industrial precinct
Potential
A legacy business with $1.2M EBITDA in FY2023 and diverse revenue streams. Huge growth potential through marketing, strategic location, and market dominance. Owners retiring, offering a unique opportunity.
Skills
General business management, retail, customer service
Hours
Monday-Friday 8AM-5PM, Saturday 8AM-12PM
Lease
Vendor owns the business premises. Open to rent or sale to successful purchaser.
Employees
6 full time + 6 casual / part time
Reason for Sale
Vendors are looking to retire from full time business operations. One vendor is open to continue working in the Group’s operations, subject to the desires of the new owner.
The Group is poised for a further period of growth, with the benefit of a fresh perspective, innovation, and growth initiatives.
About the Business
Legacy Business with Strong Growth Potential.
Highlights:
Annual sales exceed $4M.
Robust 53% gross profit margin.
FY2023 EBITDA of $1.2M.
Diverse revenue streams: removals, storage, brick, paver, and tile sales.
Prime 10,000 sqm Parkes location.
Dominant market presence.
Key transportation hub.
Expansion opportunities through digital marketing and wholesale.
Vendor support and financing available.
Overview:
Established in 1958 as a furniture, removals, and storage business, Parkes Brick Paver & Tile Supplies and Potts Removals continues to thrive under current ownership. Known for its diverse income sources and commitment to excellent service, this legacy business is poised for growth.
Financial Performance:
FY2023 saw remarkable growth, with an EBITDA of $1.2M. Anticipated Future Maintainable EBITDA ranges from $0.7M to $1.2M, with potential for further growth via targeted marketing.
Growth Opportunities:
With minimal marketing budget allocation, there's substantial room for growth through enhanced sales and marketing strategies. Plans include expanding advertising in Central Western NSW, embracing digital marketing, and hiring business development managers to drive wholesale revenue.
Competitive Advantages:
Diverse revenue streams offer stability, risk diversification, and profitability. The business thrived during the COVID-19 pandemic, boasting efficient asset utilisation, a lean workforce, market dominance, and a strong brand.
Competitive Environment:
While no direct competitors exist in Parkes, wholesale competitors operate in neighboring cities. The business's advantages, like a broad product range and efficient delivery, position it favorably in these markets.
Location and Economic Landscape:
Strategically located in Parkes, Central Western NSW, the business benefits from a robust economy driven by agriculture, mining, transportation, manufacturing, and tourism. Parkes is pivotal in the Australian Inland Rail project, enhancing its significance.
Strategic Economic Position:
The Australian Inland Rail project intersects at Parkes, forming the National Logistics Hub. This facilitates efficient distribution, strengthening the business's position in the transportation sector.
Investment Opportunity:
Parkes Brick Paver & Tile Supplies and Potts Removals offer a unique investment opportunity. With a legacy of stability, strong financial performance, and multiple growth avenues, this business is poised for success under new ownership.
History
Established in 1958 in Parkes, NSW, by Keith and Nola Potts, this family business started as furniture removals and storage. Gary Potts, a certified builder, joined in 2008, expanding operations into bricks, pavers, and roof tiles. Additional income streams now include freight services, shipping container sales/rentals, equipment rentals, and landscape material supply. Operations occur on two owned Parkes properties: a 10,000 sqm Forbes Road site and an 8,000 sqm Woodward Street facility.
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