Long Established Online Wholesale/Retail Fitness Equipment Importer – Fast Growth
Established by the same vendor for over 10 years this business imports and sells high quality affordable gym and fitness equipment to the end user – high margins.
This is an exceptional business which is well organised, growing at a high rate and has the capacity to grow significantly bigger. Automatic online sales are now on track to exceed $2.6M per year.
Profit = $910,000 2016 FY
FY14 Turnover $2,500,000
FY16 Turnover $4,388,000
FY 2017 on track for turnover of $5.7M and profit of $1.6M
Price $2,700,000 + stock
Reasons for sale: After 10 years of working in and on the business and after achieving future financial security from this business, the Vendor now wants to step back and focus on other interests including family, travel and other personal pursuits.
This business needs guidance from a new passionate owner who can take over the business and raise it to a new level if desired – sales have been increasing consistently. The business has a great name and an excellent base of high demand & high quality products.
• Gross Profit = 44%
• Valuable intellectual property – 2 long term trademarks registered
• High Cash Flow Business
• Low Risk – high demand growth market
• Loyal efficient staff – 2 x Vendors + 6 full time staff
• Modern Spacious Premises with showroom – excellent fit out and warehousing facilities
• Vendor Support – handover training + phone support + vendor as a consultant to assist
• Proven Procedures – walk in and benefit from the 10 years of trading history
• Excellent Products – inventory never expires, easy to customise, high stock on hand
• Modern Website – SEO, CRM, Reports, Sales and Inventory. Easy to update
• 35,000 Customers on Database and growing – well established and has never been used
• Automatic website sales exceed $1.85M per year
• High Repeat Business – A large proportion of sales are from repeat customers
• Secure & Dynamic – well known in the industry, a brand customers and stores trust
• Travel Opportunities – visit trade fairs around the world
The Vendor is ready to sell immediately and seeking offers of $1,600,000 + $650,000 stock. The Vendors are available to provide handover training, 6 months of complimentary phone support and the Vendor is willing to stay on as a consultant if required.
If you are interested in buying this business and have finance in place please call Rad Benicky on 0411 610 005 or in business hours 02 9413 2977
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