LONG ESTABLISHED PROFITABLE KITCHEN & BATHROOM RENOVATION BUSINESS

Posted by: Peter Iffland | August 8, 2022

Sold $308,000

Description

Long Established Profitable Kitchen & Bathroom Renovation Business

Sold - Gold Coast QLD

Short Summary

Leading Gold Coast Kitchen and Bathroom Renovations Business with huge amounts of future work booked in.

Key Selling Points

Home based

Flexible hours

Low Overheads

Low Stock requirements

Low working capital requirements

Long term Management and Staff in place

Strong year to year Sales

Relocatable with no dependence on location or staff

Booming Industry!

Advance Sales and Orders in place

Established in 2010, this business has grown organically over time with little to no advertising or marketing.

They have staff helping to run the day to day, and management in place giving the owners a great lifestyle.

The most exciting opportunity with this business is the future work already booked in and the constant calls and emails requesting their services.

The owner hardly works on the tools anymore, with great tradie’s in place, and is only doing 30 hours pw on management. The wife does 10 – 15 hours per week on admin.

The sellers are ready to travel and are financially secure. They are ready to slow down and hand over this exciting money maker.

Some vendor finance is available.

Contact Peter Iffland 0425 216 162 | Alex Cernoy 0459 424 777

Asking $560,000 Negotiable

Ref. no. BUY2205

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.

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CONFIDENTIALITY & NON-CIRCUMVENTION AGREEMENT: Parties: This Agreement is made between: Business Classifieds Pty Ltd (ACN 130 005 426) ATF Business Classifieds Trust (the Agent), and The undersigned recipient (the Recipient). 1. Interpretation: For the purposes of this Agreement: Business means the business and/or assets referred to by the Agent and/or described in any document, advertisement, memorandum, or agreement provided by the Agent. Confidential Information means all information, documents, data, forecasts, statements, and material (whether written, verbal, or electronic) disclosed by the Agent or the Seller in connection with the Business, excluding information which is in the public domain (other than through a breach of this Agreement). Seller means the party who owns or controls the Business, and includes their heirs, executors, administrators, successors, assigns, or any related entity. Recipient means the individual or entity receiving Confidential Information, including its officers, employees, advisors, agents, representatives, successors, or assigns. Words denoting the singular include the plural and vice versa. Obligations bind parties jointly and severally. 2. Confidentiality Obligations: The Recipient agrees: (1) To keep all Confidential Information strictly confidential, (2) Not to disclose any Confidential Information to any person without the prior written consent of the Agent, except to professional advisors (lawyers, accountants, financiers) who require such information for the purpose of assessing the Business, provided such advisors are also bound by confidentiality, (3) To return or permanently delete all Confidential Information upon request or immediately if the Recipient elects not to proceed with the Business. 3. Non-Circumvention & Commission Protection: (1) The Recipient acknowledges the Agent is the introducing party and the effective cause of all dealings with the Seller, (2) The Recipient agrees not to approach the Seller (directly or indirectly), or attempt to negotiate, purchase, lease, invest in, or otherwise acquire an interest in the Business, except through the Agent, unless otherwise agreed in writing, (3) The Recipient must not: (a) bypass, avoid, or circumvent the Agent in any dealings with the Seller; (b) assist any other party to do so; or (c) take any action that interferes with the Agent's entitlement to commission, (4) If the Recipient (or any related entity, nominee, associate, or advisor of the Recipient) acquires an interest in the Business, whether directly or indirectly, the Recipient agrees the Agent is deemed to be the effective cause of the transaction, and the Agent's full commission is payable by the Seller in accordance with their agency agreement, (5) If the Recipient is found to have breached this clause, the Recipient agrees to indemnify the Agent against any loss, commission, costs, or damages suffered as a result of such breach. 4. Indemnity: The Recipient indemnifies and holds harmless the Agent against all claims, demands, actions, losses, liabilities, damages, and costs arising out of or in connection with any breach of this Agreement. 5. Disclaimer: (1) Information supplied in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided, (2) Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors, (3) No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks, (4) Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided, (5) This document does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller. 6. Duration: The obligations in this Agreement continue indefinitely, including after the return or destruction of Confidential Information. 7. Electronic Acceptance: The Recipient agrees that execution of this Agreement electronically, including by clicking "I Agree" or providing acknowledgement via email or digital form, is binding and enforceable.*
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Property Features

Real Estate Agent's

About
Bio
Recent Listings

Peter Iffland

Director/Business Broker

0425 216 162

Fluent English. Peter has brokered business deals since 2004 whilst passively managing an Import Wholesale business supplying to major retail chains including Harvey Norman, Furniture Court, Furniture One, Sleep Zone and Snooze. In 2018 Peter managed a Take-Away shop in Surfers Paradise and sold the business 12 months later for double his investment. Peter worked in corporate sales Sydney with Telstra including subsidiary companies RSL Com and Commander Systems, and for years remotely managed the family farm in Darwin NT before selling the business and freehold property to a Sydney Syndicate buyer in 2019. Peter is repeatedly told by Sellers and Buyers that he is tenacious at his job and constantly being poached to work for other companies! As a Director of Gold Coast Business Brokers, Peter is committed to making sure every business is sold and the best possible result is delivered to every client!

About
Bio
Recent Listings

Alex Cernoy

Business Sales Specialist

0459 424 777

Fluent English. Alex started as a business broker over 20 years ago. He has worked with major brokerages in South East Queensland during that time, as well as interstate. He has a corporate background in IT and Telecommunications (IT&T) having owned and managed various IT&T firms. Alex is very professional and experienced in all areas of business and looks after South-East Queensland including Brisbane and the Gold Coast. Alex has sold and consulted in mergers and acquisitions in excess $90 million which included major Lighting Distribution Businesses, Large Electrical contracting Businesses, and Major Tyre Businesses.

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LONG ESTABLISHED PROFITABLE KITCHEN & BATHROOM RENOVATION BUSINESS

Description

Long Established Profitable Kitchen & Bathroom Renovation Business

Sold - Gold Coast QLD

Confidentiality Agreement

Thank you!

Property Features

Real Estate Agent's

Peter Iffland

Alex Cernoy

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