Group of Plumbing Supplies Stores- Under Offer
- Group of 5 stores spread throughout South -East Queensland
- 38 years under the current owner
- Store managers in place at each location
- Turnover 12M + with strong EBITDA
- Part of nationwide buying group
This long established plumbing supplies business has been established since 1950 with the current owner taking over the business in 1981. Over the last 4 decades the business has had steady growth and now has 5 stores spread all over South- East Queensland. With a turnover in excess of $12,000,000, the business has built a really good spread of customers with the majority being tradies who order products frequently. They are also part of nationwide buying group of over 320 stores which gives them strong buying power from the industries leading brands.
With store managers in place at each outlet and an area manager overseeing operations, the owner has mimimal input into the business. In fact most of the staff are very long serving and have remained extremely loyal over the years allowing the owner to have almost no involvement in the day to operations. With the owner well past retirement age, they are ready to move onto the next chapter, but want to ensure the business continues into the future.
Expressions of interest