Shepparton Building Supplies, locally owned by Simon and Sharon Baldwin since 1982, is dedicated to providing quality products and reliable service. Led by Simon and Sharon Baldwin since 2005, the business combines modern systems with core values to help “build dreams.” With a knowledgeable team, a strong customer focus, and a well-stocked hardware shop, they offer tailored solutions, reliable deliveries, and exceptional service to meet all building needs.
When did your business start?
We purchased Shepparton Building Supplies in March 2005, the previous owners started the business 30 years prior to our purchase.
What is the biggest challenge in your business/industry currently?
Consumer confidence has emerged as a challenge for the residential building industry in recent times due to high interest rates, increased building costs and in our region, a shortage of developed land blocks. For us as the only independent building supplier in the region, competing against large national and state companies, it is a challenge to compete with their buying power. To still be competitive when quoting we have built strong relationships with suppliers and have a clear understanding of our financial situation.
Where do you see your business/industry heading in the next few years?
We have been very strategic over the years ensuring we have created strong values and a niche market of high-end builders who are aligned with our core values of Service and Quality. These builders are building homes for people who are somewhat immune to fluctuating interest rates, meaning they continue to have work booked out well in advance. By servicing these builders well, they have continued to be loyal to Shepparton Building Supplies. We’re seeing construction costs easing slightly, partly due to the decline in dwelling approvals and an increase in availability of trades in metropolitan areas, which will potentially support some good growth in our regional area.
How long have you been working with MJAA?
We began working with MJAA in late 2023.
How is MJAA different from other accounting firms?
We have found the level of up-to-date reporting and advice we receive from MJAA crucial in the growth of our business, we didn’t have this with our previous accountant. MJAA’s ability to work alongside our financial advisor to ensure our growth, longevity and future exit plan from the business has been something we’ve never experienced before with an accountant.
What are the main pain points in your business where MJAA has helped you prosper?
MJAA provides up to date, relevant financial reporting which has assisted our business in maintaining consistent with, and even ahead of the industry. They create exceptional working relationships with our team to ensure our computer system is providing us with the right information. MJAA has been particularly helpful in terms of planning long term tax reduction strategies. Their team of experienced talent have made the transition across to their firm easy, not taking us away from our focus on our business – which we much appreciate.
What is needed to be successful long term in a business?
An A Team of Professionals is crucial in having long-term, sustainable success. MJAA are part of our A Team of professionals needed to prosper and be successful as small business owners.
If any of the readers of this MJAA Newsletter are looking to commence a Building project in the future, please feel free to contact Simon for a quote or advice. [email protected]