An Every-Day Product

Trade Service - Constant Demand

  • Asking price: $1,900,000
  • Listed: Thu 7 Sep, 12:19 pm
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Listing #: 1412481354
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Location: Wellington
The Business
This every-day product is literally everywhere you look.
Here is a well know, well respected supplier of product and services into the Wellington residential and commercial markets. Customers are from the building, renovation, repair and replacement markets. This means there is a constant demand for their services.

There is one full time working owner attending largely to measure and quotes. The part time working owner attends administration duties. They are supported by four full time staff.

The business has a number of highlights worth considering;
? Well established brand with repeat business
? High GP and Net Profit margin levels
? Specialised machinery ensures timely product delivery / installation
? Convenient fringe city location
? Constant demand for services
? Limited promotional activity undertaken
? Growth opportunities identified
? Wide range of regular customers across the residential and commercial markets
They are members of their industry association. This means they operate under a code of industry ethics. The association has an established set of standards the business comply with.
Financial Profile
The business has demonstrated a consistent level of performance over the past four years. Turnover is circa $1.5m. There is a limited level of stock as delivery is available on short notice. They operate some specialised machinery which sets them apart from some of their competition. There are four delivery and installation vans on the road.
Vendor Assistance
The owners of the Vendor are heading into semi-retirement and are happy and willing to support the Purchaser as required.
Confidentiality Agreement
Approved interested parties will be required to complete a confidentiality agreement with the owners of the Vendor in addition to the Tabak CA process.

Sale Price: $1,900,000
Net Surplus: $702,765 YE March 2017
Net Surplus: $593,917 YE March 2016
EBPITD: Earnings before paying one Proprietor, Interest, Tax and Depreciation

Agent's details

Brodie Wilson
Tabak Business Sales

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