The business is now offered for sale due to impending retirement plans.
Based on the 2019 year end, the operating revenue of the company was $942,347, with a very high, $273,216 profit. Both the revenue and profit are growing year on year; further potential for growth exists with a strategic new owner.
Overview of the business
The business is well-established, incorporated in 2007 by the vendors as a retailer. It is now a long-established and highly profitable Auckland based importer, retailer and e-commerce seller of high-quality products.
On the market with an option to buy a 192m2 freehold unit where the business is operating from, located in a well-known business complex. This is an excellent buy for a smart investor – own it all.
Profile of the business
The business prides itself on providing exceptional service to their customers. Offering a range of high-quality products, imported from exclusive suppliers from countries such as Japan, Australia, UK.
The business has an attractive, informative e-commerce website. Therefore, benefiting in a considerable reduction of staffing and back-office functions/requirements. All this is included within the sale, as is the brand name and stock. The business utilises accounting software. Also included is a warehouse forklift.
This business has been growing year on year (demonstrating considerable growth of 50% in the last three years). Operating at an excellent GPM of 48% (F.Y. – 2018 – 2019). The growth trend is expected to continue in the current and future years.
Highlights of the business
- Close to $1 million revenue and growing year on year.
- $273,216 EBPITDA (Working Owner Income).
- Great operational systems in place.
- Opportunity to own the freehold.
- Experienced employees.
- Excellent reputation in the marketplace.
- Many exclusive distribution rights of international quality brands.
Business – $500,000
Freehold Unit – $900,000
Broker Details:
Serdar Kabul
DDI. +64 9 394 0574
M. +64 21 188 6144
E. serdar.kabul@linkbusiness.co.nz
Note: Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business, a stock photo image may be used to represent the business. Please contact the broker for further details.
