Kitchen & Bathroom Specialist
North Queensland Kitchen and Bathroom Specialist – dominant regional player
With over 700 wholesale clients plus a thriving retail customer base, this kitchen and bathroom specialist operating in the North Queensland region is an investment opportunity that would be the key to future financial success.
Located in the region’s leading coastal city, the business’ broad product range includes wood-based panels such as Plywood, high pressure laminates, cabinet hardware, sinks, appliances, kitchen accessories, bathroom panelling and bathroom accessories. Featuring leading international brands, for which it has exclusive regional distribution rights, as well as its own branded products, the business has attracted a substantial wholesale and retail client base.
The bulk of its revenue comes through its wholesale client base spread throughout North Queensland, including the likes of cabinetmakers, builders, architects and interior decorators. It’s a clientele the business’ active sales team has worked hard on developing – an effort which continues to pay off.
Its impressive showroom, warehouse and office enjoy a premium location close to a main thoroughfare. The convenient position plus the business’ growing reputation make the showroom a popular choice for do-it-yourself handymen or homeowners looking for kitchen and bathroom ideas and solutions. Retail sales comprise approximately 25% of the business revenue – a valuable addition to the wholesale operation. The extended lease on the site offers long-term continuity going forward and the chance to further cement the business’ local reputation and brand.
New products are another opportunity with the business in the process of rolling out an exciting new water board product that will propel it into the future.
Despite the recent economic downturn the city where the business is based continues to experience sharp residential and commercial growth. With a buoyant Queensland resources sector and resilient tourism industry, future redevelopment of thousands of Armed Services personnel and the growing number of people migrating to the region, the development of new housing will take this operation to the next level.