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UNDER CONTRACT - Specialist Sales Supply - Greater Hamilton

Niche Service, Broad Customer Base

$375,000 - Hamilton

#190918

detail

Established over 15 years ago, this business has shown steady growth year on year.  The business has a large customer base of over 2,000 clients and enjoys a 70% plus repeat business from those who use their service.  Based just outside of Hamilton in ideal premises, the working owners are supported by a small number of staff working five days a week.

 Main Strengths of Business

  • Easy to understand business
  • Established business with suppliers and customers
  • Servicing a niche market
  • High percentage of repeat customers
  • Large Customer base
  • Strong systems in place
  • Opportunities for continued growth

The business has a large growing customer base and has added several larger clients in the current financial year which will only add to the financial performance going forward.  It operates good systems and has shown solid growth over the past years without the owner's investing in regular marketing or advertising.  Word of mouth referral business is very high with exceptional levels of repeat business being experienced, which is reinforcing the solid growth shown in the figures.

The business supplies a broad range of products and services, based around great customer service which is reinforced by the large amount of repeat and referral business experienced by this company.  It would suit a purchaser who has good general management/sales skills and can deliver a high level of customer service.

Net Surplus $162,361 EBPITD 

Contact: John Parker
Office: Hamilton

Confidentiality Agreement for Business Reference 190918, Broker Name John Parker

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.

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*