FOR SALE
$455,000 ONO

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Mildura VIC 3500

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WIWO - Refrigeration / Appliance Repair - High Performing

Phone enquiries - please quote property ID 35239.
This thriving family-owned business boasts an impressive profit margin of 25% for the 2023/2024 period, presenting excellent growth potential. The Team consists of an Office Supervisor with extensive experience and knowledge of the business, an Appliance Technician, a 2nd-year Refrigeration Apprentice and 2 fully qualified Refrigeration Mechanics; one being a partner in the business.
Their core services include Whitegoods repairs, split system installations, and the sale of refurbished white goods. Notably, the business has established commercial service agreements that account for 25% of its operations, transferable to the new owner.
The business has primarily relied on word-of-mouth along with social media campaigns, with a modest marketing budget of $900 for 2023/2024, so there is ample opportunity for significant sales growth through increased marketing efforts across various platforms.
The business has achieved an impressive revenue growth of 61% over the last five years and with expansion into spare parts retail sales, enhanced commercial sector repairs, and boosting split system installations market share and increased advertising, the sky is the limit for the new owners!
You have the option to either purchase the business WIWO and lease the current space or opt for freehold purchase.
WIWO ;
- 3 x Vans, 1 x Ute (All with racking, stocked with tools and hight turnover parts)
- Split System Installation enclosed Trailor
- Workshop Stock Parts,
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Property Details for Contact Agent For Address, Mildura

Building Type
Commercial

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About Mildura 3500

The size of Mildura is approximately 77.8 square kilometres. It has 54 parks covering nearly 4.2% of total area. The population of Mildura in 2011 was 30,647 people. By 2016 the population was 32,739 showing a population growth of 6.8% in the area during that time. The predominant age group in Mildura is 20-29 years. Households in Mildura are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mildura work in a professional occupation. In 2011, 59.6% of the homes in Mildura were owner-occupied compared with 58.1% in 2016.

Mildura has 20,046 properties. Over the last 5 years, Houses in Mildura have seen a 57.97% increase in median value, while Units have seen a 60.40% increase. As at 30 September 2024:

  • The median value for Houses in Mildura is $464,005 while the median value for Units is $293,987.
  • Houses have a median rent of $450 while Units have a median rent of $350.
There are currently 204 properties listed for sale, and 57 properties listed for rent in Mildura on OnTheHouse. According to CoreLogic's data, 850 properties were sold in the past 12 months in Mildura.

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