This highly profitable, cash management systems importer and distributor holds exclusive distribution rights with a select range of leading equipment suppliers, offering its loyal customers the best solution for their cash management needs across retail, banking, cash in transit, government and hospitality sectors, with customers in most Australian states and offshore.
Key features:
• Top line growth of 71% and bottom-line growth of 182% between 2019 and 2021;
• Extensive range of cash management equipment (notes / coin counting, sorting, wrapping etc);
• Revenues from equipment sales and after-sales service;
• Strongly positioned within limited competition;
• Established operations, showroom and warehouse facilities.
The business serves Australia’s significant cash payments landscape; reported by the RBA in 2022 as having a little under 2 billion banknotes in circulation with a value of $102.3 billion.
It enjoys a high level of customer loyalty evidenced in repeat sales, driven in part by its reputation for equipment quality, enhanced by customised software.
The owners are selling to focus on their other interests but are flexible about how they transition out of the business. This presents a great opportunity for the right buyer to take advantage of the opportunity to expand sales through new product introductions, geographic expansion and maximising revenues from service and software.
FY23 T/O $4.6m; EBITDA 44%
Price: Expressions of Interest
If interested, please contact the seller through the form on this page.
