Tile Importer Distributor And Retailer With Free Goodwill For Sale

Business description

This importer and distributor and retailer of ceramic tiles and related products located in Queensland has become available at an exceptionally advantageous price to the buyer.

The vendors have fixed their asking price at the value of stock and assets only and are not asking any payment for goodwill. However, the company has been well known in the industry for over 25 years and has many significant and loyal customers, and the goodwill is in fact substantial.

The advantages to the purchaser (besides the free goodwill) are:

• Over 25 years experience in the industry
• A respected name in the industry for quality and excellent service
• The business is a supplier to the largest projects and the largest construction companies
• A large following of loyal medium sized builders over a long period of time
• A good retail presence in the market place
• A leading company in Project Specification
• A great working relationship with leading manufacturers from Italy, Spain and Portugal for over 20 years
• A very reliable supply of high quality material from two manufacturing company in China with reliable agents for over 7 years
• A large number of loyal developers, builders and customers for many years
• A strong relationship with leading architects, interior designers and decorators who repeatedly specify company products

Trading results for the last three financial years are as follows:

2007 Sales $3,068,000
Gross Profit % 28.4%

2008 Sales $2,444,000
Gross Profit % 24.6%

2009 Sales $2,969,000
Gross Profit % 30%

Projects in hand to be completed within the next four to six months, at gross profits exceeding 33% are already $445,000, with company products having already been specified in many projects, some of which have already commenced, and others programmed to start in late 2009, or early 2010. These projects include some commercial and office buildings of a large scale, while others are residential projects totalling approximately 1,450 units. Some of these projects will span a two to three year period, which provides the company with a sold base of work going forward.

The premises are owned by the vendor and the purchaser can decide whether to negotiate a rental to remain in the premises, or to relocate to another site. Computer hardware can be bought at written down value, and vehicles at valuation. All display stands are included in the purchase price.

The vendors anticipate stock and asset valuation to be in the region of $1,800,000, and further particulars will be provided to purchasers interested in acquiring this great opportunity. Vendor finance will be considered.

To receive ADDITIONAL INFORMATION on this business, please contact Steve Lentin:

Property information

Premises details:

Premises can be leased from vendor or business can be re-located