2 Mortimer Place, Wagga Wagga

Outstanding business opportunity

$775,000 - $850,000 + SAV

Riverina Ice (formally Rogers Ice) is an ice producing and distribution business with a 35 year history. They supply an extensive customer base which include service stations, supermarkets, hotels, pubs, sporting venues, retail stores and large events customers within Wagga Wagga and surrounds.

They deliver up to 150km radius of Wagga Wagga.(Which could be extended)

Some of their corporate customers include Woolworths , Caltex, Shell, IGA, Foodworks, Metro and Teys/Cargills.

The business produces 3 different lines including the most common 5kg bag of tubed ice, 10kg bag tubed ice and 5kg block ice both for selected customers. Only having 3 different products makes this business very manageable for anyone wanting to join the industry.

There is currently 2 full time experienced staff members and 2 casuals are required during the summer months.

The plant and equipment has been extensively upgraded by the current owner, making this one of the most impressive businesses in the area.

With a long established relationship with their customers and the high costs of the freezers provided to them at no charge make the likelihood of competition remote. The business financials will show the exciting growth being achieved.

The business is HACCP (food grade) accredited and is member of the PIAA (packaged ice association)

Wagga Wagga being the biggest inland city of NSW has a very strong economy with a population growth rate of 1.9%, forecast to reach 100,000. Government spending is high, including a 282m hospital , defence forces (RAF, Army ) university (CSU), Teys/Cargills which are all secure economic drivers.

I believe one of the most attractive things about this business along with the growing profitability is the opportunity to enjoy time away. Many businesses need an all year round commitment. Obviously the winter months are quieter making it an ideal time to plan holidays.

I look forward to negotiating the sale of this business which includes the Goodwill, Plant and Equipment plus the Stock on Hand.

Ryan Tierney

Ryan Tierney
0400 503 052
ryan@trem.com.au