Listings } Tabak

SOLD 230215 - Seventhwave Manufacture & Sales - $380,000 (includes $300k + of stock & plant)

Ref #: 230215. This business has been trading for nearly thirty years and the brand is revered by its customers.

 Iconic Brand; Clicks & Mortar !

Generating close to $600k + GST in sales, the business manufactures primarily for clients engaged in water sports, however there is an increasing demand for other 'niche products'. Gross Margins comfortably exceed 70% and the business sells directly to its end users, with over 15,000 customers on their current database. This 'first time' sale of the business is only being considered due to health issues.

The Canterbury EQ's softened demand for these products, and this demand is now on the rise, as Christchurch recovers (and prospers). The manufactured products are sought by any users who enjoy water sports, and this demand is forecast to increase through:

  • Increasing migration to Canterbury
  • Improving disposable income for quality leisure gear
  • Leverage off the modest current export business
  • Diversification into other markets (already started and successful)
  • Greater energy and enthusiasm of a new owner
  • Renew and refresh the current web sales strategy & tools

Clients love this brand and the quality of the product, together with the benefits that accrue from using it.

The business will appeal to:

  • water sports lovers
  • manufacturers
  • import - export folk
  • online sales gurus

There is plenty of tangible assets to leverage borrowing for the purchase price, and the business simply needs an injection of enthusiasm. The current owner remains passionate for the brand and wants to see it blossom further, but has to focus on his own health for the next wee while.

Net Surplus: $113,016 EBPITD

Contact: Damien Fahey

Office: Christchurch 

 

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