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ITM Coromandel Timber And Building Supply Business For Sale

Coromandel, Waikato
Asking Price:
$2,495,000 (NZD) Furniture / Fixtures included
Sales Revenue:
$3,000,000 (NZD)
Cash Flow:
$500K - $2.5M (NZD)

ITM is New Zealand's largest group of independent timber, hardware and building supply merchants. This outlet is part of a 90- store nationwide co-operative with the buying power to make sure you get the best brands and materials at today's most competitive prices.

Being fully managed, this is the first time for this highly profitable opportunity to become available. Established more than 20 years ago, the current vendor has decided to retire. The sale is that of a freehold going concern and includes the industrial property, stock and business assets.

Asking price - $1,500,000 + GST (if any) for the business
$995,000 + GST (if any) for the property
Total Freehold going concern - $2,495,000 + GST (if any)

Completion of a Confidentiality Agreement is required to enable the release of sensitive information on the business.

Property information

Real Estate:

Real Property Included

Location:

Main road in to Coromandel

Premises Details:

BUILDING AREAS
Office retail area 273m²
Bulk storage 557m²
Timber storage covered 117m²
Separate timber storage 101m²
Surplus yard 4 900m²

Size in square feet:
See pemises detail

Business Operation

Expansion Potential:

Please follow the link to a News Hub article & video. https://www.newshub.co.nz/home/new-zealand/2018/12/ferry-from-auckland-to-coromandel-town-among-grand-plans-for-neglected-region.html

Competition / Market:

None in the immediate area

Reasons for selling:

Retirement

Trading hours:

7.30am - 5pm weekdays
9am - 12pm Saturdays

Employees:
4
Years established:
20+

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

$7,920 p/a ITM Branding fee

Other Information

Support & training:

As per sale agreement

Furniture / Fixtures value:
$70,000 (NZD) - included in the asking price
Inventory / Stock value:
$850,000 (NZD)
Related Documents:

Contact Information

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