53 Westminster Street Oakleigh VIC 3166

Phone enquiries - please call 1300 594 794 and quote property ID 39397.

This is a rare opportunity to acquire a well-established Engineering & Industrial Supplies wholesale and trade business operating successfully for over 30+ years. Generating a good turnover per annum with low overheads and strong net profits, this business is highly regarded ‘middle-man’ operation requiring NO manufacturing and supplies thousands of products including fasteners, nuts & bolts, lubricants, adhesives, abrasives, cutting tools, hand tools, safety equipment, batteries, electrical products, washroom supplies and paints. Major brands include Inox, Bostik, PFERD, Capital cutting tools & other major brands.

The business services 20 major customers and more than 100 regular trade clients, with everything in place including established suppliers and long-standing relationships. All fixtures, fittings, forklift and equipment are included (full list available), with stock to be sold at valuation (worth cost $1.5m but owner will reduce to $1m). No staff are required, basic engineering knowledge would be advantageous, and the retiring owner is willing to assist with a smooth transition.

In addition, the freehold commercial property (RPD: LOT 1 SP21097) is available to be purchased by the buyer of the business (price can be negotiated)..

The premises are ideally located in the southern end of Westminster Street among quality industrial businesses.

The Freehold consists of
A solid brick building of approximately 300sqm is fully fitted for the existing business with a concrete base, 3-phase power, high roller door (approx. 7m), mezzanine level (potential office space), four skylight panels, male and female toilets, and two on-site customer car spaces plus street parking. The building is in good condition.

This is a combined business and property opportunity, with your choice to buyer the whole lot, or just buy the business. Note the owner may be open to leasing the premises to the purchaser if preferred. The property alone is valued at $1.3m+ with other sales in the area selling for more. The business is offered at a modest price, and stock at valuation is approximately $1.5m (owner prepared to negotiate to around $1m).

Enquire for further information.

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