nzbizbuysell.co.nz/95033
Ad ID: 95033

PRICE REDUCED - upmarket kitchen design Business for Sale Auckland

All manufacturing and installation outsourced

Location:
Asking:
$525,000
Turnover:
$1,766,000

Business for Sale Description

PRICE REDUCED - upmarket kitchen design Business for Sale Auckland

The opportunity

The owner now wishes to move on to other opportunities, and has therefore decided to reduce the price of the business by $153,275.

This Auckland based business sells mid to high end kitchens and other cabinetry.  All production and installation is outsourced to a small number of external providers. The normal risks and complications of managing a factory and an installation team are therefore avoided.  There is only one employee, plus part-time accounting support.

Sales are made to a highly diversified range of private and commercial customers.  The largest customer in the year to 31 March 2020 made up 13% of sales, and the second largest just 3%. 

Recent press coverage has highlighted that, post-COVID, New Zealanders are choosing to spend money on their homes, given that they cannot travel overseas.  This business is poised to benefit from such spending.  See https://tinyurl.com/y2bgg24t

Revenues for the four months to August 2020 were within 0.3% of those for the same period in 2019.

The business is still in growth mode, and there is scope to grow sales by increasing marketing spend.  At present very little time or money is invested in this area.  It is currently a Monday to Friday only operation. 

Business strengths

  • Fundamentally simple business model
  • All production and installation outsourced
  • Only 1-2 staff members to manage
  • No reliance on any single customer
  • Monday to Friday operation
  • Over $400,000 invested in fitout and display products
  • Sales holding up well post-COVID
  • Still in growth mode and poised to benefit from post-lockdown renovation spending
  • Good level of forward orders
  • Extended handover available by negotiation if required

The buyer

This business is likely to suit someone with good sales and marketing skills, and an eye for design.

Net surplus: $242,241 year ended 31 March 2020  

EBPITD - Earnings Before Proprietor, Interest, Tax and Depreciation

If you are interested in this business and would like more information, then you will need to sign a confidentiality agreement. Please copy and follow the link below which will take you to the confidentiality agreement for signing.

https://tabak.co.nz/opportunity/price-reduced---upmarket-kitchen-design

Interested In This Opportunity?

Email to a friend / myself

 

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Tabak Limited (Tauranga)
For more info
Contact: Jonathan Barrett

Jonathan Barrett

021 538 194
Business hours
Tabak Business Sales (Tauranga)
Licensed REAA 2008
Broker Ref: 120720

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