Mitre 10 Hardware, $1.8m Avg Turnover, 40 yrs strong, GP Margin 40%

A rare opportunity to acquire a long-established Mitre 10 hardware business in Sydney’s Inner West.

Trading for close to 4 decades this business has built a loyal local customer base and a strong reputation for reliability, consistency, and service. It operates in a recession-resilient sector and has demonstrated stable performance through all market conditions, including COVID.

Key highlights:

- Average annual turnover approx. $1.8m

- Strong gross margins of approx. 37–40%

- Normalised owner-operator earnings of approx. $300k

- Close to 40 years of continuous trading overall

- Experienced team in place supporting day-to-day operations

- Proven systems under a recognised national banner

- Stable, repeat customer base with strong community support

The business is ideally suited to a hands-on owner-operator, a trade-experienced buyer stepping off the tools, or an operator looking for a stable, established business with reliable income rather than speculation.

This is not a start-up, a turnaround, or a lifestyle experiment. It is a proven, well-run operation with consistent earnings and clear continuity.

Asking price: $749,000 + Stock (SAV)

Serious offers welcome.

Further information is available upon completion of a confidentiality agreement.
Serious buyers are encouraged to enquire early.

Property Code: 155

For more details, please email broker or call agents.