An established operation with excellent controls, brand profile, employees and projections.
The business has reached a stage where growth is the next step.
6 months YTD sales are 33% up on the same period last year. This growth is expected to continue, and the 2018 - 19 year is budgeted to grow by 21% - it is tracking well above expectations.
Recent investment has been the consolidation of the transport and warehouse hub to secure better efficiencies through proximity to arterial routes and the Port of Tauranga, thus keeping distribution costs to a minimum.
The business is fully operational with strong business relationships in Vietnam and China, optimized shipping, effective transport logistics, a warehouse, and transportation hub and a well-located regional network of retail stores offering the purchaser/investor a seamless transition.
A tight-knit executive management team drive the day to day operations and wish to remain with the company as a demonstration of their confidence in the business future.
Given that the product lines represent value for money furniture, bedding and other furnishings is embedded and heavily profiled in the media ongoing demand is predicted to remain solid.
Additional opportunities are:
-population growth in the regions;
-new subdivisions;
-house and furniture packages.
Other initiatives include creating a dedicated commercial arm, hospitality & retirement villages. Such strategies will maximize the benefit of the investment.
Asking price $4,500,000 incl. stock
Please feel free to contact Nico Wamsteker on 021 933 313 for more information.
