Opportunities

Return to all opportunities

Dance and Performing Arts

Growing Performing Arts Market - Established Over 60 Years - Unique Auckland Icon

$470,000 - Auckland

#270218

detail

The business is an icon in its niche market sector and enjoys very loyal following from a long standing and repeat customer base.  A significant part of the business services school age children who, as they grow, require new products.  This is an exciting market sector where a stable core range provides a low risk stock profile.

The current owners are only the 5th owners in over 60 years.  Due to family reasons the business has been run conservatively over the last few years as the owners could not provide a full-time commitment.  We have been advised that if the new owner could provide the required commitment then the staffing numbers could easily be reduced.

The import, distribution and sales process is relatively simple but would benefit from optimisation of its stock and marketing information systems.

The business has a considerable competitive advantage due to an extensive range, a number of exclusive product lines, strong supplier and customer relations and the technical competence of the staff.

Business Strengths

  • Import, distribution and retail. Thus diversified revenue streams

  • Quality product ranges with great diversity

  • Technically competent staff
  • Repeat customers
  • Known and respected brand
  • Very broad nationwide customer base
  • Fundamentally simple business model
  • Ability to further grow the business through simple marketing activities or adding new product lines.

The business will suit someone with good general management skills, and ideally a marketing focus.  An interest in the performing arts would be of assistance, but not essential.  The current staff are very passionate about the market.

Net Surplus $197,880 (Provisional FY18) EBPITD



   


Contact: Alex Smith
Office: Auckland

Confidentiality Agreement for Business Rederence 270218, Broker Name Alex Smith

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Ltd (Licenced under REAA 2008) and/or Tabak Business Sales Limited (Licenced under REAA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above. I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party.
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. We acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office.
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Ltd (Licenced under REAA 2008) and/or Tabak Business Sales Limited (Licenced under REAA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
Mandatory Fields*