Xcllusive Business Sales Phone : 02 9817 **** Xcllusive Business Sales
02 98 ****

Growing Import and Manufacturing Business With Reputation for Innovation - VIC

Listing Id : 290823

Location : Victoria - MELBOURNE

Category : Import, Hospitality and Tourism, Engineering

Asking Price : 2,000,000

Business description

Business ID: BS1438**** **** FY2019 Sales of $7.2 million with Gross Margin of 39% Asking $2 million plus stock This is a great opportunity for someone with the financial resources to invest and grow this business to be a major business within an industry worth over $2billion to $3billion annually. The business was started by the current owner when he identified the opportunity to import and sell a range of products targeted at the Australian recreational travel and camping market. Taking a proactive approach to the business, the business went through the learning process of sourcing the right products, establishing relation with the right suppliers, understanding the Australian market, setting up a factory to streamline the final assembly, and opening new showrooms in Victoria and interstates. With growing market brand awareness and acceptance of the products, sales has grown from $3.8 million in FY 2018 to $7.2 million in FY2019. -The product range is within a market with revenue between $2 to $3 billion annually -Sales of $3.8 million (FY2017), $6.8 million (FY2018) and $7.2 million (FY2019) -Ongoing investment in growth has impacted on the profitability of the business with adjusted profit of $400,000 (FY2018) and $160,000 (FY2019) -A business with the infrastructure and process setup for growth -An established base either by itself or as platform to “roll up of multiple similar businesses” in an industry with attractive future -Brand with growing awareness by target market segment -Inhouse design capability with a portfolio of trademark and registered designs -Current owner can bring its industry experience as consultant or be part of management team going further The business growth is IMPACTED by COVID-19, with substantial reduction in sales due to restriction on recreation activities and travel in Australia. The owner has taken the opportunity to streamline its product offerings and restructure its operations so that it can take advantage of the expected jump in activities as restrictions are slowly relaxed and removed. A decision is by the owner to sell the whole or part of the business as he does not have the financial resources to move it to the next phase of growth. The offers a new owner/investor: -A base to continue to grow further into a profitable brand -Strategic “bolt-on” to businesses within the recreation and travel industry -As a “Platform” to grow and “roll up” other players within the industry Asking Price: $2m plus Stock

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