One of Australia’s largest industrial trade tools retailers, Sydney Tools is in the midst of rolling out a national expansion program of its bricks and mortar retail megastores, seeking to lease an estimated 30,000 sqm of industrial retail space in Queensland in the next five years.
Sydney Tools Director Jason Bey said as a tenant, we are a landlord’s dream, as we maintain a steady, stable cash flow which enables us to sign longer-term leases in growth areas.
“We are seeking to commit to leases of terms of up to 10 years,” Mr Bey said.
“Queensland is known as the tradie state. With all of the infrastructure projects underway, we aim to open stores in the biggest growth centres including Townsville, Cairns, the Gold Coast and the Sunshine Coast as well as Brisbane. We’re looking to open stores in all of these locations by 2024,” he said.
Sydney Tools has a strong and enviable reputation of offering the best brands at the best prices. Major brands include Milwaukee, Makita, Dewalt, HIKoki, Festool, Paslode, Ramset, Husqvarna, Stanley, Fein, UniMig and Cigweld.
Sydney Tools has grown its share of the trade tools market by stocking a wider and deeper range, which now spans more than 11,000 stock-keeping units, and favouring American, European and Japanese brands such as Milwaukee, Dewalt and Makita over cheaper Chinese-made brands.
Last month, it achieved its highest daily turnover in its history.
Established as a family business in 2001, Sydney Tools has been supplying power tools and accessories for over 20 years. The company has established itself as a wholly, Australian family owned company currently operating 31 stores along the eastern seaboard in NSW, ACT, Queensland and Victoria.
Over the next five years, it plans to double its eastern seaboard footprint and expand into new states including Tasmania, South Australia and Western Australia.
“In Queensland, we currently lease an average footprint of approximately 2,000 square metres per store. We’re currently seeking to lease another 30,000 square metres in growth areas in the next five years,” he said.
Sydney Tools has a very strong online presence and Director, Jason Bey said although sales in the company’s online business is rapidly growing, more than 94 per cent of our revenue was generated through their bricks and mortar retail outlets.
“This is counter to most retailers. You can say we’re a bright spot in a struggling retail economy,” Mr Bey said. “In the trade tools business, customers like to come into the store and see the product first hand.
“We have a massive ‘runway’ ahead of us. Australia, like the US, has a large ‘tradie’ market so we’re confident with our expansion plan,” he said. “We have just finished implementing a range of new software systems which fits in with our program.”
Supplying power tools to the industry is as important to our business as is the servicing and repair of tools to minimise down time.
Sydney Tools has a fully equipped workshop with 20 full time technicians at our Sydney head office and a further 15 strategically located throughout our store network for the convenience of our customers, servicing major brands of power tools, gas tools, compressors, generators etc including facilitating warranty repairs on some brands where applicable.
Spending on major infrastructure projects particularly in NSW, Victoria and Queensland is driving ongoing demand for capital equipment, accessories and hand tools.
“Our staff are trained to be the most experienced in the business and our customers can be confident of receiving the right advice,” Mr Bey added. “Their knowledge and commitment drive our success.”
“Service, support, technical expertise all lead to customer satisfaction.”
Sydney Tools delivers Australia wide on a daily basis through highly regarded couriers to ensure customers receive their goods on time and in new working order.
The Sydney Tools stores opening hours are as follows:
Monday to Friday from 7:30am to 5:30pm, Saturday 8:00am to 4:00pm and Sunday, 9:00am to 4:00pm.
For further information, visit www.sydneytools.com.au.