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Import & Sales

Product Sales; Established Showroom; Home Improvement; Design Flair

$495,000 - Christchurch

#120418

detail

Existing for over twenty years this well established Christchurch business sources product from Europe and sells directly to consumers and commercial clients.

Key Strengths include:

Staffing - existing staff are experienced in the industry, knowledgeable and customer orientated.

Suppliers - exclusive arrangements with excellent European factories and brands

Product - exceptional quality product targeting the mid to upper end of the market

Longevity - the business has operated for over 20 years

Customers - excellent relationships with its commercial and showroom customers

Payment Terms - excellent terms that enable the business to be cash flow positive from Day One

Location - showroom is located in a destination street for people in the market for these products

Premises - a well established and spacious showroom enabling optimal presentation of these products

Barriers to Entry - supplier relationships; purchasing power and credit terms; customer relationships, and product knowledge

Stock - around $250,000 of stock is included in the purchase price

Prepayments & Deposits - at most times there is at least one container of product in transit, and the new owner will benefit from deposits and pre-sales of stock that has yet to arrive

The products are primarily used in new homes, and occasionally in rebuilds and refurbishments. Given the mid upper market positioning of these products, the business is less vulnerable to the classic 'boom/bust' within the volume end of the construction market. Forward orders and enquiry are all positive, and a business minded person who also has an interest in design/colours would capitalise on this opportunity.

The current owner has seen plenty of highs and some lows during their tenure. They are now keen for a complete break from this industry, but they are staying in Christchurch and will be available for a comprehensive transfer period.

Net Surplus $165,284 EBPITD

Contact: Damien Fahey
Office: Christchurch

Confidentiality Agreement for Business Reference 120418, Broker Name Damien Fahey

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 (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed 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 (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed 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*