Here is opportunity at its best. A business with consistent sales around the $1.3m mark to blue chip clients with considerable upside potential.
They sell nonperishable, fast moving consumer goods (FMCG), to many of NZ's pre-eminent retailers including both major supermarket chains, service stations, and prominent garden centres. They have their own branded products with about 80% imported directly.
The owners have been hands off for quite some time now and the business has been a bit leaderless. It's fantastic that it has continued to generate similar sales, but its effectively break even as a result of a large wage bill.
Ideal owners here will be keen to get stuck in and be hands-on owner/operators. Rough estimates suggest hands-on owners could see returns of $300k. Similarly, an existing FMCG business could easily pick this product range up and add it to their existing operation.
The business is currently based in Wanganui but could be relocated anywhere in the North Island.
If you would like to buy a business that you could add a lot of value to, this is a fantastic option.
Steve Davey - 027 257 6856 or Jonathan Toomey - 027 216 7830.