Business ID: BS------
Over 80 years in business and owned by current owners for over 40 years - Revenue $1.6M pa with opportunities to improve further.
The business is the longest-serving wholesale supplier to Australia’s network of musical instrument retailers.
Specialising in acoustic instruments and a large range of accessories, they represent prestigious well known International brands in the industry.
Instrument categories are summarised as follows:
• Harmonica
• Guitar
• Bass Guitar
• Orchestral
• Woodwind and Brass
• Percussion
• Ukulele
The owners of this business would be happy to assist with a transition and handover to ensure a smooth change for the new owners. The owners have many years of knowledge which will need to be transferred to a new owner.
There are several areas that the business could improve. There is an already well-established network of retailers on board selling their line of products. This could present an opportunity for another wholesaler to bolt on this business and rationalise their existing sales force.
There are other benefits that a scale of this size would bring to the business including a more efficient administration and support area. The business does hold a lot of stock so there may be an opportunity to review their stock management practices and streamline and reduce this area of cost to the business.
The asking price is $1,500,000 including all the assets required to operate the business and includes goodwill and stock. The owner is seeking someone to take over the business with a 25% initial investment or deposit and the balance to be either financed or stock on consignment until it is paid off. The owners are seeking to retire and will assist finance the right person to transition the business with a small upfront deposit of $400,000.
Property Code: 3456
