Visit this listing at https://www.sbx.com.au/business?id=GNG1072

Business Code: GNG1072

Key Features: Two businesses in one. -Well known in industry

State: NSW

Location: Situated in showroom in Lower North Shore with South Coast warehouse

Description

Wholesale businesses (2 ) selling a range of retail souvenirs, gifts and homeware products. - Customers include major retailers. - Also develops custom branded products through concept, design, samples, production, and delivery. - Subsidiary business in UK is included in the sale - Currently 1,500 SKUs. -Over 95% are own brands, 5% other brands. - About 900 are made to order (not stocked) about 400 active and stocked, and about 200 are being sold down (discontinued). - Products are manufactured locally and overseas.

Summary

  • Features: Very well established business - Well known in the industry - Demonstrated consistent sales -Two businesses in one - Australian owned,
  • Potential: Expand social media presence for customer reviews and recommendations. -Further develop overseas markets
  • Premises: Showroom has an area of 60 sq.mts. to display products with separate 1000 sq.mt. warehouse
  • Trading Hours: 5 days - Mon. - Fri. - 9 a.m.- 5 p.m.
  • Lease: Showroom. - 2 year lease commenced March,2019. - 4% annual increases. - 3 months bond. - Warehouse - 2 year lease commenced March,2018. - CPI annual increases. - 3 month bond
  • Employees: 2 owners + 6 full-timers + 8 part-timers
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$43,912

Cost of Goods

$22,545

Gross Profit

$21,367

Rent

$1,249

Wages

$10,880

Telephone

$147

Insurance

$401

Electricity

$85

Gas

$92

Misc1

$4,254

Misc2

$1,845

Total Expenses

$18,953

Estimated Stock (Additional)

$400,000

Net Profit

$2,414

Price

$400,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Wholesale - Gifts - Homewares

Business Code: GNG1072
Price: $400,000

Key Features: Two businesses in one. -Well known in industry

State: NSW

Location: Situated in showroom in Lower North Shore with South Coast warehouse

Description

Wholesale businesses (2 ) selling a range of retail souvenirs, gifts and homeware products. - Customers include major retailers. - Also develops custom branded products through concept, design, samples, production, and delivery. - Subsidiary business in UK is included in the sale - Currently 1,500 SKUs. -Over 95% are own brands, 5% other brands. - About 900 are made to order (not stocked) about 400 active and stocked, and about 200 are being sold down (discontinued). - Products are manufactured locally and overseas.

Summary

  • Features: Very well established business - Well known in the industry - Demonstrated consistent sales -Two businesses in one - Australian owned,
  • Potential: Expand social media presence for customer reviews and recommendations. -Further develop overseas markets
  • Premises: Showroom has an area of 60 sq.mts. to display products with separate 1000 sq.mt. warehouse
  • Trading Hours: 5 days - Mon. - Fri. - 9 a.m.- 5 p.m.
  • Lease: Showroom. - 2 year lease commenced March,2019. - 4% annual increases. - 3 months bond. - Warehouse - 2 year lease commenced March,2018. - CPI annual increases. - 3 month bond
  • Employees: 2 owners + 6 full-timers + 8 part-timers
  • Sale Reason: Other business interests
  • Comments: Misc.-1 - comprises general expenses. - Misc.- 2 - comprises advertising, marketing, vehicles, travel & accommodation.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$43,912

Cost of Goods

$22,545

Gross Profit

$21,367

Rent (ex GST)

$1,249

Wages

$10,880

Telephone

$147

Insurance

$401

Electricity

$85

Gas

$92

Misc1

$4,254

Misc2

$1,845

Total Expenses

$18,953

Estimated Stock (Additional)

$400,000

Net Profit

$2,414

Price

$400,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.