Plumbing & Bathroom Supplies Merchant, Hastings
Wholesale & Distribution
ActiveRetailHawke's BayB2B & B2C
Asking price
$1,500,000
Disclosed · NZD
Revenue
$2,687,856
TTM
Earnings (est.)
~$379,256
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~4.0×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Long-established plumbing and bathroom supplies merchant in Hastings, trading for around 70 years
- 100% owned by the same family, part of the Plumbing Plus buying group for competitive product access
- Operates from three Hastings locations: a store/warehouse, a bathroom showroom and a trade warehouse
- Good turnover and a proven track record across plumbing, engineering, agriculture and horticulture trades
- On the market following the managing director's passing; price includes $1,000,000 of stock
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