Duff’s Mitre 10 Narrandera
This is the report of QPL Rural Narrandera and is not to be photocopied in full or in part used for selling purposes by other agents. Failure to comply could result in a claim against the perpetrator/s for Commission, other Expenses and Damages.
Asking Price: $350,000 + Stock At Value
EXECUTIVE SUMMARY: Offering: Sale of Business incorporating the following: Business Name All plant and equipment Stock on hand Goodwill Address: 161-165 East Street & 96 Audley Street Narrandera Sale Details: The business Duff’s Mitre 10 Store and all stock, plant and equipment is offered for sale now in its entirety. Price: $350,000 + Stock At Value Property Details: Business operates from leased premises at 161-165 East Street & 86 Audley Street Narrandera ( Premises also for sale see page 5 Financials: Included herein.
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INTRODUCTION Duff’s Mitre 10 has been is an iconic business that has been a part of Narrandera's Main street as a hardware store for over 50 Years. The Vendors have owned and operated the store for the past 17+ years and since that time have made some significant changes to the stores layout. Product mix, staffing and aligning themselves with FrontLine the Mitre 10 franchise in Australia. These changes have seen a large increase in sale especially in the first five years Duff’s Mitre 10 has a floor space of approximately 1000 square metres + a storage shed and house also used for storage.
Stock Range
Duff’s stack a large range of hardware needs from timber, piping, power tools, screw, nails, a large range of Haymes paints + everything else you would expect to buy from a hardware store
Buying Group
Duff’s is part of one of the large hardware buying groups in Australia allowing you to keep the shop stocked at all times at affordable prices
Expansion ideas
Duffs features a large amount of unused outdoor space that could be utilised for a number of thing a few ideas the current owners have suggested would be Equipment Hire Rural Supplies Gas Bottle filling Timber Yard Nursery
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Awards Duffs has won an extensive amount of awards In there time as a Mitre 10 Franchise these include. - WINNER 2008 ACT and Southwest Region Local Business awards (Business of the year & outstanding service & trade) - WINNER 2014 Western Planners Medium format store winner - WINNER 2015 Western Planners Small format store winner - WINNER 2006 Narrandera Business awards Retail - WINNER 2007 Narrandera Business awards Excellence in customer service REASON FOR SALE The owners are looking to retire and assessing the various strategies to take the business forward that a sale to an appropriate party may be the best option. If required the owners are prepared to continue work-ing in the business for an agreed period of time to ensure a smooth transition for the new owner.
The Mitre 10 Franchise
Mitre 10, formed in 1959, is a large player in the Australian home improvement and hardware industry. The Mitre 10 group comprises: • Australia's largest independent home improvement and hardware wholesaler to the industry. • An iconic independent and local retail network of over 300 Mitre 10 and True Value Hardware stores. Supported by the wholesaling part of the business the network of Mitre 10 and True Value Hardware stores are privately owned, pas-sionately operated and committed to helping every customer with expert advice. 4
Our stores have been providing millions of homeowners with solu-tions to their home improvement projects for over 50 years. We are part of local communities throughout the country with many of our stores located in regional Australia. Our people have always had real knowledge about hardware and home improvement, and offer practical advice that's not only easy to understand but could save you time and money.
Each of our privately owned stores are committed to carefully selecting the right range of products that provides you with everything you need, and nothing you don't. If there's a specific product you are looking for that's not in stock, our stores will either recommend an alternative product or may be able to order it in for you Buildings 161-165 East Street Asking Price $450,000 Consisting of 3 shop fronts + Undercover drive through shed this por-tion of the property is the main building for Duff’s Mitre 10 consisting of an office and large open display areas. Featuring approximately 1000sqm of floor space. 86 Audley Street Asking Price $150,000 Consists of a 3 bedroom 1 bathroom weatherboard home that requires structural work currently used as storage for the business and a large steel construction shed also used as storage for the business, it features rear lane access for an easy drive through option.
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Financials
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External Pictures
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Internal Pictures
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LOCATION: Narrandera is situated in Southern New South Wales in Australia on the Murrumbidgee River. It is an important junction for travellers as it is at the junction of the Sturt and Newell Highways. It is the gateway to the produc-tive Murrumbidgee Irrigation Area. It is 554kms from Sydney, 437kms from Melbourne, 824kms from Adelaide and 339kms from Canberra. Nar-randera is situated between the two major regional cities of Wagga (99kms) and Griffith (98kms). Narrandera is readily accessible by a variety of transport. Rex Airlines have regular flights to Sydney while there are return flights available to Melbourne from Wagga. Country Link run daily links to the XPT rail service to Sydney and Melbourne rail service is available from Wagga. POPULATION: A population of over 6,100 reside in the town of Narrandera and the villages of Barellan, Grong Grong and Binya. TRANSPORT: • Country link Rail operates daily services to Sydney & Melbourne • The airport is serviced by flights twice daily to Sydney and to other major regions out of the neighboring Griffith & Wagga Wagga Airports.
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EDUCATION/ SCHOOLS: The Narrandera LGA offers a solid range of Education and training facilities Narrandera High School (To year 12) Barellan Primary School St Josephs Catholic School Narrandera East Infants School Narrandera Pre-School Narrandera Early Childhood Learning Centre TAFE NSW Riverina Institute—Narrandera Campus Yanco Agricultural High School Saint Francis High School HEALTH & MEDICAL: Narrandera offers standard modern health, ancillary and community health services with visiting specialists attending on a regular basis—all provided without long waiting lists. Hospital with radiology services Four general Practitioners Dentist Optometrists Pathology and immunisation clinic Massage therapists Childcare nurses Visiting specialist
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QPLRural Narrandera 113 East Street, Narrandera 2700, NSW Office - Phone: (02) 6959 4450 Fax: (02) 6959 9102 Andrew Pellow: 0488 226 135 andrew.pellow@qplrural.com.au
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