SOLD: 170816 - Equipment Sale, Hire and Servicing - $367,000 plus stock/hire equipment at valuation (est $313,000)
Location: Auckland. Ref #: 170816. Home Based; Beauty Industry Equipment
This is a great opportunity to own what is currently a home based business, with significant returns to a working owner. It operates within the growing beauty and personal grooming sector.
The business sells, hires and services equipment for a range of commercial clients. Over 30% of revenue is from ongoing long term hire contracts. These contracts are highly profitable.
There is currently only one employee. The business model is fundamentally simple and would suit either a single working owner or a couple. The present owners are looking to retire from full time business ownership.
Key Business Strengths:
- In business for 14 years
- Currently home based - limited storage space requirement
- Diversified revenue streams - sale, hire and servicing
- Operates within a growing industry sector
- Broad client base - 66% of sales are to clients who each make up less than 3% of the total
- Business to business sales rather than dealing with the general public
- Recurring revenues via hire contracts and servicing work
- Currently only one employee to manage (technician)
- Simple business model, Monday to Friday operation
- Would suit a single working owner or a husband and wife team
- Scope to grow the business further through increased marketing focus and/or addition of new products
This business does not require any specialist technical skills of its owner.
Net Surplus: $261,499 EBPITD; projected 2016/17 ($291,499 to two working owners)
Contact: Jonathan Barrett
Office: Auckland
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