This well-established wholesale distribution business sells a wide range of personal care and cosmetic products. It has an enviable list of agencies and distributorships for the major brands in the industry. In addition, it has a variety of its own brands that are broadly recognised in the marketplace.
Over the years, this organisation has developed a long list of repeat customers. This list is very broadly spread with no individual customer dominating the list. The business operates in a large industry, providing plenty of scope for further growth.
Most customers pay for goods at the time of purchase. This means that the business has excellent cash flow and has a relatively low working capital requirement.
For the 2020 financial year, this business achieved sales of $4.8 million and net profitability (EBIT) of $743,000. This business has demonstrated consistently strong sales and profit performance over many years and continues to grow with lots more potential.
The organisation has systems and procedures in place throughout. Also, the owner is happy to stay on and work as an employee. As a result, the business is ready for you to step into and operate, and no industry experience is necessary.
This quality business is being offered for sale at $1.7 million plus stock.