dorfman real estate & business brokerage
E-mail: dorf@dorfmanrealestate.com   or call: 760-942-4230

Return to First Page of Offering    TO PAGE 3 OF THIS LISTING for information about Cairns and Australia

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INTERNATIONAL OFFERING - HARDWARE - Page 2 of 3

CAIRNS, FAR NORTH QUEENSLAND, AUSTRALIA
TWO ESTABLISHED HARDWARE STORES

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$1,195,000

ALL FIGURES IN AUSTRALIAN DOLLARS


Southside and Brinsmead are members of a hardware cooperative.  With over 370 member stores, the co-op is the largest hardware group in Australia.  Members benefit from national advertising, volume purchasing, efficient and simplified  invoicing, inventory controls, marketing, sales, accounting, and education.  They  obtain and maintain a dominant share of the region's total sales of hardware and related products.

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KEY ASSETS INCLUDED  (Revised May, 2000)

Southside Mitre 10
Fixtures, fittings, etc etc etc $139,730
Shares in Mitre 10 (approx) $ 40,000
Stock at cost (approx) $250,000
Total AUS $429,730
Brinsmead Mitre 10
Fixtures, fittings, etc etc etc $ 81,630
Shares in Mitre 10 (approx) $ 35,000
Stock at cost (approx) $160,000
Total AUS $276,630

TERMS AND PAYMENTS OF LEASE AND OPTIONS

ITEM SOUTHSIDE BRINSMEAD TOTALS

Lease Start
lease End
Option
Annual Rental
Monthly Rental

Close of Transaction
Five Years
Five Years
$71,980
$5,998

01 March 93
28Feb99
Five Years
$48,910
$4,096



$120,890
$10,094

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Sales for Southside (Rev. May 2000)
   1997/98           1998/99        1999/00
1,344,876        1,346,904    1,359,904 (proj)
Sales for Brinsmead  (Rev. May 2000)
1997/98       1998/99            1999/00
908,372        897,925       898,000 (proj)

  

CONSOLODATED OPERATIONS - SOUTHSIDE AND BRINSMEAD
Fiscal Years Ending 30 June, 1996 through 1998 in Australian Dollars

1998

ITEM

Sales
Cost of Goods and Sales
Revenues/Trading Profits
Expenses

Net Profit

SOUTHSIDE

$1,327,808
      904,093
$   423,715
     295,112
___________
$   128,603

BRINSMEAD

$  922,813
     551,627
$  371,186
    233,357
___________
$  137,829

COMBINED TOTALS

$2,250,621
  1,455,720
$   794,901
     528,469
___________
$  266,432

1997

ITEM

Sales
Cost of Goods and Sales
Revenues/Trading Profits
Expenses

Net Profit

SOUTHSIDE

$1,256,751
      861,031
$   395,720
     292,244
____________
$   103,476

BRINSMEAD

$  926,527
     533,781
$  392,746
    227,341
___________
$  165,405

COMBINED TOTALS

$2,183,278
  1,394,812
$   788,466
     519,585
____________
$  268,881

1996

ITEM

Sales
Cost of Goods and Sales
Revenues/Trading Profits
Expenses

Net Profit

SOUTHSIDE

$1,419,713
      982,132
$   437,581
     348,245
____________
$   89,336

BRINSMEAD

$1,043,277
     643,755
$  399,522
    261,514
___________
$  138,008

COMBINED TOTALS

$2,462,990
  1,625,887
$   837,103
     609,759
____________
$   227,344

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TO PAGE 3 OF THIS LISTING for information about Cairns and Australia

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Images Courtesy of Lone Pine Koala Sanctuary, Brisbane,   Rdo Technologies, and 2 Cool Animations


dorf@dorfmanrealestate.com § dorfman real estate & business brokerage  §  760-942-4230