Wholesale distribution

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Business Description

  • 50% share available with one owner retiring
  • Niche market with inter & intra state sales
  • Currently services over 100 stores
  • Online sales set for exciting growth phase
  • Dynamic growing company


Rob Dansie 0414 828 246

Extended Price Information

Goodwill including Plant & Equipment $400,000
Stock at valuation (approx) $70,000
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$470,000 for a 50% share in the company

Financial Summary

Year
Sales Return to Owner
2011/2012 $2,495,934 $319,484
2012/2013 $3,669,235 $438,886
2013/2014 $3,381,299 $433,898
2014/2015 (6 months) $1,801,124 $249,323
The return to owner is a net return to two working owners after all expenses and wages but excluding the vendors’ wage.

As the Purchaser is only buying a 50% share of the business, they will receive a 50% share of the Return to Owner.

Staff Summary

Two full time vendors with one full time staff member and three casuals

Lease Summary

Current Rent $4,261 per month + GST
Lease Term 3 or 5 years (negotiable_
Lease Commencement Settlement Date
Right of Renewal 3 or 5 years negotiable
Outgoings Paid by the tenant
Adjustments CPI annually and to market at renewal period
Current Rent
The current vendors own the freehold property. A new lease between the remaining vendor and the purchaser will be entered into on the above terms at settlement.

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