FY-24 Sales on track to exceed $1M with gross margin of 65%
This established family-owned business has exclusive Australian and New Zealand distribution rights for a leading international brand of decorative wall finishes. The decorative wall finishes are used in both residential and commercial applications for surfaces that include interiors, exteriors, bathrooms, countertops, showers, splashbacks, and beyond.
The business operates a warehouse within Melbourne. Customers can purchase the products directly from them and also a number of retailers or applicators in Melbourne and NSW. There is a plan for additional outlets in Queensland.
The business also offers an application service where skilled subcontractors can apply the products to deliver exceptional finishes on client’s projects.
Business Highlights
- Strong Gross margin between 70% to 85% over last 4 years
- Internationally regarded brand & widely specified European finishes with proven formulation and registered trade name.
- Established client-based
- Good relations with the stockists across Australia and NZ
- Providing ongoing training to the sub-contractors.
- Small team of experienced employees and network of quality contractors.
- Relatively easy to operate with a small team of employees plus occasional specialist sub-contractors.
Training: After dedicating more than 25 years to the business, the owners are now seeking to sell and transition out. The owners are willing to work as a subcontractor and be a part of the business if needed.
This business presents a great opportunity for integration with other trade-oriented enterprises, such as painting services, construction firms, or design companies. Alternatively, individuals possessing strong management, sales, and marketing skills, particularly with corporate clientele in the building and retail sectors, would find this acquisition advantageous.
Asking Price: $510,000 plus stock (approx. $150k)
