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Product Sale, Installation, Service

Dominator Doors; West Coast

$275,000 - West Coast

#020522

detail

Established in 1988 the Dominator garage door brand is the most recognisable within their industry sector.

Dominator West Coast (DWC) has an exclusive reseller agreement for the greater West Coast region – pretty much Karamea down to Haast. They have a long established, well respected history in the territory and there is  33 distribution territories within New Zealand. There is no Garador reseller in the territory (B&D Doors other brand) nor is there likely to be, and DWC is based just south of Greymouth. 

DWC sell into the residential housing and industrial markets and have a wide range of solutions to choose from. B&D Doors invests in continual research and development, advanced technology and precision engineering to ensure their product solution is one of the finest systems available.

The majority of residential homes have one of these products. Over time the products need servicing and maintenance and ultimately replacement. This ensures an ongoing demand for business services particularly within the West Coast environment which is largely close to the sea.

The working owner is supported by a contracted installer, and is involved in general business management, sales and quotes. This is a relatively simple business to understand.

Clients are primarily end users, business owners and builders, and B&D Doors has a strong relationship with a number of group housing companies, several of which are thriving within the territory. 

Sales have consistently grown in recent years and are now exceed $600k + GST with consistently improving gross and net profitability. If the new owner also wants to do some installations this could add a further $50k to the bottom line, but currently the installations are outsourced to a contractor.

The current owner manages the business “remotely” from their Ashburton Dominator business, and travels over frequently to do measure & quote and installation work for DWC. He is nearing retirement age and after selling DWC will also eventually look to sell his Ashburton business. He is happy to assist with a suitable handover.

Net Surplus: $191,994 EBPITD YE March 2022
Net Surplus: $131,748 EBPITD YE March 2021

EBPITD: Earnings Before paying one Proprietor, Interest, Tax and Depreciation

Contact: Damien Fahey
Office: Christchurch

Confidentiality Agreement for Business Reference 020522, 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 REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 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 REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 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.
  11. Privity: For the purposes of Part 2, Subpart 1 of the Contract and Commercial Law Act 2017, the parties acknowledge and agree that the agreements and undertakings given by the recipient in this Confidentiality Agreement are given for the benefit of the Vendor and its related companies and representatives, and are enforceable at the suit of all or any of them.

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*