Wholesale Distribution Of Giftware And Homeware Products Business For Sale

Business description

This business is an importer and distributor of a limited range of premium, high quality products from Europe to the giftware and home ware industry as well as other specialist retailers.
It has been established for 29 years and has an outstanding name in the industry. A new range of products was added in 1990 to broaden the range of products to include glassware and related accessories.
Good location and warehouse facilities situated on the Northern Beaches. The lease can be terminated should a Buyer already have alternative premises.
There is a well-established relationship with clients and no one customer accounts for more than 3.5% of total sales.
There is potential to grow the business with additional products utilising the well established relationships with existing clients and suppliers.
The product range is known for its high quality and premium brand.
It has established itself as an extremely reliable local supplier with a reputation for delivering top quality products, on time, at competitive prices.
The well-trained staff will continue to provide support to a new owner.
Sales $1,357,000 pa and a Net profit to an owner/operator of $150,000 pa.
2 owners plus 3 fulltime staff members with many years of experience.
Everything about this business is transparent- you will love it!!

Property information

Real Estate:

Lease

Lease terms:

The lease commenced 1/12/2006 terminating 31/12/2010. There is no automatic option to renew. However there is a special provision in the lease allowing the Vendor to cancel with 30 days notice. This was negotiated b y the Vendor as a special clause when the building was sold.
The rent is $6666.67 per month plus GST. Annual increase CPI or 4% whichever is greater.
7 car spaces available in front.
This rent includes all outgoings at the current rate. The new Tenant will be liable for all increases in outgoings over and above the existing amounts currently being paid.

Leasehold rent:

$90,000 per annum

Location:

Situated in premises in a light industrial area in the Northern Beaches of Sydney.

Premises details:

The premises consist of 2 storeys. The first floor is used for a showroom, the next level as an office. The warehouse is in the rear and covers 3 levels including a toilet.
The office space is open plan plus a separate office for the owners.
There are 2 toilets (ladies and men) and a kitchen.
The total area is approximately 500 m2. - To be confirmed
The Vendor previously owned the premises but sold it a few years ago.

Other information

Expansion potential:

Addition of complimentary ranges would add sales and value.

Competition / Market:

Very little competition for the paper serviettes and napkins products.

Support & training:

Owners willing to provide support post acquisition.

Reasons for selling:

Retirement of owners

Trading hours:

8 am to 5 pm Monday to Friday

Furniture / Fixtures value:

$25,000 (included in the asking price)

Inventory / Stock value:

$250,000