Located in a thriving south coast town, the business has been operating continuously for approximately 30 years and was purchased by the current owners in 2002. The vendors are two couples who have been content to get a comfortable living from the business and have not wanted to expand. A modest expenditure on yellow pages is the entire advertising budget. The business is being sold due to the ill health of one of the owners.
This business is a good opportunity for an existing company to gain a foothold in a sizable south coast town, or for someone wanting to enter the hire industry. Current stock utilisation is only around 60%. If a strong marketing campaign was introduced, current business could be expanded with very little increase in stock.
Turnover for 2008/2009 was $236,000. Asking price $300,000 including all stock, equipment and vehicles. Vendors have instructed me to submit all offers.
Enquiries to Don Wilson 02 9958 0007 or email gdonya@bigpond.com
Last updated 28th September 2009.