Holders Plumbing Plus Business for Sale Hastings

Description

Business type: plumbing, bathroom and trade supply business

Location: Hastings, New Zealand

Current status: established operating business

Ownership history: same family throughout the business history

Continuous trading history: more than 70 years

Performance history: stated as more than 75 years

Locations

Operating locations: 3

Warren Street North: main store and warehouse

Ellison Street: dedicated bathroom showroom

Omahu Road: additional store and warehouse

Products and market

Plumbing products: supplied

Bathroom products: supplied

Globally sourced products: available through Plumbing Plus

Competitive purchasing: supported by Plumbing Plus membership

Customers and market

• Plumbing trade customers
• Engineering sector customers
• Panel beating sector customers
• Agricultural customers
• Horticultural customers

Market reputation: stated as established and reputable

Supplier and buying network

Buying group: Plumbing Plus

Buying group membership: in place

Product sourcing: global

Purchasing terms: stated as competitive

Financial profile

Turnover: stated as solid

Trading performance: established over multiple decades

Reason for sale

Managing Director: deceased

Reason for sale: business brought to market following the Managing Director's passing

Sale process: in accordance with prior arrangements

Expansion options

• Build on existing three-location network
• Increase trade-sector sales
• Expand bathroom showroom sales
• Increase sales as market conditions improve

Potential buyers

• Owner-operators
• Plumbing supply businesses
• Building product distributors
• Trade supply businesses
• Strategic industry buyers