Business ID: XB156503
Avg Profits to working owner $310,000+
This business has traded successfully for over 25 years during which time it has established a loyal clientele of clients who buy online, via the owner's own retail store or via a network of established wholesale customers located across Australia and overseas.
Historically sales have exceeded $4M pa but the owner made the decision to scale back overseas sales to simplify the business, reduce staff count etc to make the business more manageable (for someone who prefers art to management!).
The business focuses on producing (non-fashion) apparel and homewares targeted primarily at ladies over 30 who have a passion for sustainability.
The company produces timeless designs including many based on 100% organic cotton materials grown in a sustainable manner.
Strong relationships exist with overseas manufacturers.
- Business can be relocated to suit the buyer
- 2 new ranges per year - Spring and Autumn
- Local and International clientele
- Established and loyal wholesale client base
- Products designed to provide great value for money
- Owner + 7 staff (2 x Full Time, 5 x Part Time)
- Owner 50 hrs pw, - some tasks could be outsourced
- Many avenues available to expand sales
- FY24 sales $2.0M
The owner will provide up to a 4-week handover within the sale price and a longer period of phone/email support will be considered.
With new ranges already on order for next season (Spring) and designs ready for the next Autumn season, the buyer of the business will be well placed to continue trading without interruption.
The business will need to relocate on sale, and around 250 sqm of space will be required for storage and office facilities. There are a number of industrial estates in the local region that would be suitable if the buyer wished to keep the business close to its current location.
The 2 key staff could continue to work from home if required with a slight reorganisation of tasks.
Asking Price: The business assets and goodwill are for sale for $365,000 plus stock. Stock will be charged separately at landed cost. Typically stock on hand is in the region of $180,000. The freehold of the retail store is also available, market value is currently around $900,000.
Property Code: 4075
