Import, Distribution, Exclusive License, Manufacturing And Engineering Products

Sydney, NSW

Industrial/Manufacturing / Manufacturing/Engineering, Machinery/Metal Food/Hospitality / Manufacturers
Under Offer
Listing ID1671119

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Short Summary
Est. 1980 & trading profitably. Exclusive license to distribute for a global manufacturer. License not offered in 60 years. Large range of clients including Arnotts, Simplot, & Steggles among others.

Location details
Located on the Northern Beaches of Sydney, the business has been run from this location for the past 15 years. It has 5 car spots under cover. The location is flexible if the buyer wants to relocate.

Potential
This is a mature market with a long and profitable history. However, with new products coming out and new applications in the market, there is a significant opportunity for a new owner to drive additional growth and sales.

The business has an excellent reputation and long list of prominent clients. There is an opportunity to leverage their existing presence to diversify into other product streams should the buyer want to go down this path.

Skills
The business would suit a purchaser with previous experience or involvement in food equipment, or with a technical sales/marketing background. Alternatively, someone who is focused on strategy and growth could hire someone to focus on sales.

Hours
Trading 5 days a week, office hours 9:00 am 5:00 pm.

Lease
388sqm warehouse & office plus 78sqm mezzanine.
3 x 3 lease offered to the buyer. $50,000 + GST, with annual CPI increase.

Employees
2 FT employees - Sales & Marketing Director (owner), & an Office Manager.
1 PT employee Service Manager.


Reason for sales
Owners are slowing down toward retirement.

About the business
Established in 1980. Over 270 customers, both large and small. Excellent reputation as a supplier, distributor, & service/repairer. Strong and consistent profits, in a market that continues to grow. Sales growth has averaged 19.5% for the past 3 years. With exclusive rights to the whole of Australia for a global and recognised brand, this business is well placed for the years ahead.
All assets of the business are included and unencumbered. There is also an opportunity for the global manufacturer to provide initial stock on consignment.

Here are a few important facts about the business:

- Average net profit to owner-operator for past 3 years is over $280k per annum.

- Office equipment and furniture, tools, a work utility vehicle and forklift are included in the sale.

- This business has a broad base of large and small clients with 2015-16 financial year seeing orders from over 270 clients.

- Key staff in place, fully capable of daily operations.

-High growth potential within the two business divisions.



For all your enquiries about this business please refer to:

Simon Bedard
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0488 899 944 E: simon.bedard@raywhite.com
T 1800 858 696 A: Level 17, 135 King Street, Sydney NSW 2000
Or

Matthew Holland
Director | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M:0425 223 629 E: matthew.holland@raywhite.com
T: 1800 858 696 A: Level 17, 135 King Street, Sydney NSW 2000

Disclaimer: Due to the confidential nature of the sale, images used are stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.