dorfman real estate & business brokerage
E-mail: dorf@dorfmanrealestate.com
or call: 760-942-4230
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4 UNITS + Wanted |
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INTERNATIONAL OFFERING - HARDWARE - Page 2 of 3 |
CAIRNS, FAR NORTH QUEENSLAND, AUSTRALIA
TWO ESTABLISHED HARDWARE STORES

$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.

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 |
Close of Transaction |
01 March 93 |
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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 |
1998
ITEM Sales |
SOUTHSIDE $1,327,808 |
BRINSMEAD $ 922,813 |
COMBINED TOTALS $2,250,621 |
1997
| ITEM Sales |
SOUTHSIDE $1,256,751 |
BRINSMEAD $ 926,527 |
COMBINED TOTALS $2,183,278 |
1996
| ITEM Sales |
SOUTHSIDE $1,419,713 |
BRINSMEAD $1,043,277 |
COMBINED TOTALS $2,462,990 |

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