P.O.A.

34 Chardon Street, Katherine, NT 0850

Retail Homeware/Hardware

Katherine Mitre10 - highly profitable with multi million sales p.a.

Phone enquiries - please quote property ID 26439.

This is truly a once-in-a-lifetime opportunity to purchase a well-established key business in a growing region.

Katherine Mitre10 is the principle local retail hardware supplier to Katherine and its region. The store has been servicing the retail hardware industry of Katherine and its surrounds since 1995 and focuses on Do It Yourself, including rural and agricultural property owners, and business to business customers.

As a member of the Mitre10 franchise, the store has access to a comprehensive range of retail and trade hardware products on excellent terms of trade. Katherine Mitre10 also participates in a national marketing and promotional program through the Mitre10 group.

Executive summary:

Over 4 million annual sales.
Excellent margins.
Over 20 years of trading history with the same owners.
Long-term and very stable customer base.
Limited direct local competition.
Strong product offer with over 12,000 SKU's stocked
Excellent terms of trade with suppliers
75% cash 25% debtor business.

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