Reference: benchmark_74_431

Average Sales $2.5 million from FY2015 to FY 2019 average Gross Margin of 52% Price Reduced $650,000 plus stock

Keilor Park VIC
$650,000 + stock
This Business has been sold.

This well-established giftware import and wholesale contribution business provide an attractive opportunity for those in the industry that want to expand their business, or for new entrepreneurs to ride the trend of e-commerce growth.

The strength of the business is underpinned by healthy profit growth for the last 28 years.

The products are custom designed and of high-quality to cater to the in-demand giftware market in Australia. Through consistent hard work, the business has built up solid relationships with both customers and suppliers within this niche market. Their unique supply chains differentiate themselves from their competitors by creating an operational moat of sustained high margins of the trade. Today, the company supplies over 1000 stable retailers across Australia as well as in the Asia Pacific region.

The business has operated for nearly three decades, with financial figures demonstrating consistent and reliable revenue streams:

- FY 2019 Sale $2,341,806,

- FY 2018 Sale $2,770,736,

- FY 2017 Sale $2,905,497,

- FY 2016 Sale $2,363,090,

Due to COVIN-19, FY 2020 Sale $1,938,229

Other features include:

- Consistent customer growth with 10-20% new products introduced each year,

- Flexible product lines adapt quickly to emerging trends,

- Option for immediate cost reductions from downsizing a new warehouse, the moving cost is negotiable,

- A strong national distribution network,

- In-house design capability with a portfolio of trademark and trademark registered products,

- Potential to expand online wholesale trade presence, which has not been touched yet,

- Employees: 5 full time and 2 part-time

The owner has a rich understanding of the business and the market and is willing to collaborate with the new owner to successfully transferring all previous relationships, skills as well as trade-secrets.

During the ownership transaction, the team and further conditions can be negotiated. The owner has decided to retire from the business to spend more time with their family.

This business offers the new owner:

- A solid foundation for future growth with strong potential in many product lines,

- Hands-on assistance for a smooth transfer,

- The opportunity to negotiate a new lease dependent on the buyers situation,

- A talented and reliable team where conditions of purchasing will be considered,

- The high level of inventory can be decreased and the owner is willing to negotiate a fair level of retained stock and not exceed over $1mil.

Price Reduced $650,000 plus stock

For further information on this opportunity, please contact:

Roger Zhao

Specialist Business Broker

Benchmark Business Sales and Valuations

M: 0404 034 777 T: 1300 366 521 E: roger@benchmarkbusiness.com.au

If you like to know more about the Business complete our online confidentiality agreement here: https://benchmarkbusiness.com.au/ca-form-5027

or go to www.benchmarkbusiness.com.au and use the reference number #5027 to search for the business.



Benchmark Business Sales and Valuations

The business images shown are for illustration purposes only and may not be an exact representation of the business.

Business Category: Import, Export and Wholesale, Manufacturing, Wholesale and Contribution, Giftware

Property Code: 5027
Status
Sold
ROI
n/a
Annual Revenue
n/a
Listing Price
$650,000 + stock
Location
Keilor Park VIC
Industry
n/a
Earning Type
n/a
Years Trading
n/a
Stock Level
n/a
Reference Number
benchmark_74_431