Profits Over $440,000 p.a.
This business designs and imports licenced apparel, distributes branded baby lines and giftware products to a wide range of retailers across New Zealand. After more than 30 years of running the business, the owners have decided to retire.
The business is set apart from its competitors by a combination of exclusive products and a licenced range of products, strong sales, streamlined warehouse systems, good customer service and an easy-to-use website. It is strongly aligned to several international companies which provides better buying power, delivery times and most importantly, better margins.
The staff are a real asset to the business and all senior staff have been with the company for more than 12 years. Accordingly, they have the skills, experience and knowledge to execute the companies long-term strategies.
The current stock holding is $800,000 approximately and the 3 years average cash surplus to the owner was over $440,000 p.a. Historically, the business can show strong consistency with sales and profits and is on track this year to continue the trend. The already strong forward orders for the coming year shows that the business is secure, and the sales and profits are likely to continue.
This is a quality business in a much sought-after industry.
Be quick, don't miss out, call now! Peter Nola - 021 507 313.
Price $1,100,000 plus estimated stock $800,000
For a confidential discussion please complete our online confidentiality agreement.
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