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Leading Online Parts & Apparel Business - Under Contract

Under Contract / Offer

Coolangatta, Queensland

Leading Online Parts & Apparel Business - Under Contract

This very impressive online retail and distribution business is now on the market. The business is one of the industry pioneers in Australia having developed its own state of the art customized internal system that allows the business to list on their websites and sell over 200,000 items to customers for immediate delivery.
The business is also connected via drop-ship arrangements totaling around 1 million items, a great advantage that significantly reduces stock holdings.
The seven fully qualified staff allow the owner to work 5 days per week and have plenty of time off. The business premises has a showroom, workshop, packing area, and several offices. A long lease is offered to a new owner of the business.
As on-line sales increase globally this business has set new record sales that continue to grow nationally. Currently, sales have been generated on Australian websites however to business has conducted trials in New Zealand and is seriously looking at the UK & USA markets.
The owner is happy to stay on and ensure a smooth change of ownership before retirement due to health issues.
The business shows a Net Profit to the owner from 1st of July to 30th November 2020 (5 months) of $221,230. 2020/21 Sales forecast revenue $3,508,656 with a projected net to the owner of $436,127.
Sale of 100% of Company shareholding inclusive of current approximate stock of $185,000.
Total Sale price $895,000 wiwo inclusive of all stock and equipment

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Last updated: 19th January 2021

Summary

Property Type
Business
Contract Type
Under Offer
Location
 Coolangatta
State
 Queensland
Price
Under Contract / Offer
Category
  • Accessories/Parts
  • Online Business with premisis

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Agency

Business Brokers Network

Business Brokers Network

Contact

Dru Morgan