Plumbing and Plumbing Supplies (GLS121)

Excellent Opportunity

Established in 1985, this 39-year-old business is an integral part of the professional plumbing industry in Gippsland. Rarely does an opportunity arise to purchase 39 years of community trust, reputation and brand awareness.

The asking price of $950,000.00 plus stock at valuation represents an impressive Return on Investment of 61.81% and estimated payback period of 1.62 years.

In the 2023 financial year the business turnover was just under $3.4M whilst resisting the demand to increase staffing levels and a limited social media presence. Simply establishing a social media presence and expanding staffing levels could dramatically improve revenue.

The financial stability and trading strength of the business is evidenced by how well the business weathered the recent Covid crisis. Whilst many other businesses had difficulties, turnover increased in the 2020/21 financial year by 16.9%, 1.9% in the 2021/22 financial year and a further 9.1% in the 2022/23 financial year. But that’s not all . . . Gross Margins over the last four (4) years have increased from 46.29 % to 50.63%.

However, this is not surprising as the business is recognised within the Gippsland community as one of the premier residential and commercial plumbing businesses. They pride themselves on their customer-focused approach and commitment to service excellence and competitive pricing.

So even in the toughest economic climate in generations this business represents a solid and low risk investment opportunity.

The premises are ideally suited for a plumbing business with modern office, warehouse and racks, and a well patronised retail showroom.

As the site is owned by the vendor, you will enjoy a secure long-term tenancy and favourable lease terms including multiple options.

This is the perfect investment combination:

• A highly profitable and systemised business with exceptional growth potential

• A Return on Investment better than similar businesses in the industry

• A significant barrier to enter the market for new operators

For further information please contact Gary Lay on 03 9888 6488 or 0407 526 431 or email