Established Import & Distribution Business
- Proposed Usage
- Other Businesses for Sale
- Property ID
This Auckland based business has been in operation for a number of years. The current owner put the business under management while living overseas for several years. On his return a strategic decision was made to reduce the number of product lines which numbered in the hundred's, to focus on one single product. At that time the business was one of two distributors of this selected product line, and it now has exclusive distributorship.
This product, which is imported and distributed, is a physical card game which has been in existence for 20 years plus and is one of the largest specialty card games being sold in the world.
The well established core business is the distribution to NZ retail outlets, with a turnover of approx. $1.5m. In the last 2 years the business has exported the product to overseas markets which has been extremely productive, with total sales of approx. $2.7m and a profitability from these exports after expenses in the vicinity of $350,000.
The total profitability of the business is anticipated to be close to $500,000 for the March 2018 FY, with an allocation to the owner of a working salary (taken into account in this profit above), of approx. $130,000.
The business is very well organised and is well positioned to take advantage of new market opportunities which is extremely exciting. The owner is prepared to stay on in a minority 20% shareholding to provide a smooth handover.
Price for 80% Share $1,650,000 + estimated stock value $450,000
Contact John Fairbairn or Anthony Gilbert