SOLD

New Zealand's Leading Wholesaler

New Zealand

Specialist equipment importers and wholesalers to commercial and residential with some fabrication.

Sales of new equipment, servicing and repair.

This thriving, easy to run and highly profitable business has developed a high profile and strong reputation throughout New Zealand built on its sales systems and quality of service delivery. It has seen strong revenue, and even stronger profit growth in recent years.

The repair and service part of the business is also highly scalable with significant potential for future growth.

Three high quality brands. A lot of effort has gone into ensuring the product sourced is the best available in the New Zealand market and sourced from suppliers that stand behind what they sell as well as providing strong after sales support. This has enabled the owners to stand out from the competition and develop a dominant market position.

The business changed hands quite recently, moved to larger premises with a bigger showroom and took on more staff which is reflected in the recent growth. Sales are up 50%, GP by nearly 50% and SDE (Sellers Discretionary Earnings) by 100% in less than 2 years. This is a reluctant sale for health reasons as there is still more growth to be realized.

The current owner is only spending a few hours a day in the business

Revenue of $2M generated an SDE* of circa $400K in FY’18.

Price of $1,300,000 includes Stock of circa $400K as well as $100K of fixed assets.

*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
New Zealand
SOLD Sep 18 plus GST
Services 
Listing ID DV10497

Price

SOLD Sep 18

Elaine Ford

Managing Director & Corporate Broker
Licensed under the REAA 2008

Divest Business Sales

B:HIVE
Smales Farm
Takapuna 0622
Auckland
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