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Business for Sale - Wynnum Icon "Hardware Store"Property ID 1625135Established for over 49 Years
Servicing All Hardware Needs
Sales Over $2,200,000 Per Annum
70% Trade Sales Vs 30% Retail Trade
1st time to Market in over 4 Decades.
Ray White Commercial Bayside is pleased to take to the market for the first time in over 49 years, Morton's Hardware. Owned and operated for over 4 decades this family icon is a must to inspect.
The business is situated on 16 perch blocks of land in a residential street. The land is zoned Special Purpose and can always remain a Hardware business. Over the years, improvements and upgrades have been made to the exterior and the interior of the building, always with the aim of trying to create more space for stock.
Morton's Hardware joined the HBT group 12 years ago and was a major turning point for the business. Firstly it opened a large number of suppliers who could purchase directly from. Secondly, the range of suppliers allowed Morton's Hardware to cover a far wider range of stock than was previously offered and thirdly buying prices immediately improved profitability.
For full disclosures and financials please contact Chris Earle for a confidentiality agreement.
0403 181 275