Cash Generator, Recession Proof
Stock Included: Yes
Stock Value: —
Years Est: 80
Gross Revenue: —
About The Business
This business services a key city and region in WA. With a long history and pedigree in the area dating back to the 1930s, the owners of this thriving business have reluctantly decided to sell due to health reasons which did adversely impact sales and profitability in FY2017 and FY2018. A Manager was appointed in December 2017 and the business is now run fully under management.
This is a quality under management business with significant barriers to entry.
Some of the key attributes of this business include:
• Solid revenue and profit history
• Under management
• Market leading business in the region it services
• Services both retail (60%) and wholesale (40%) markets
• Large client base with a database of some 4,000 contacts
• Custom designed premises in a great location
• People, systems and documented processes in place
• Operates in a market which could be considered recession proof
• Secure and quality suppliers
• Significant opportunity to continue to grow the business!
This business may well suit an existing butcher, retail outlet that sells meat or a meat processing wholesaler who wants to expand and secure the incremental sales and profit that this business could deliver immediately.
Alternatively, this business may suit an investor looking for a well established and profitable business to invest in.
Note that the management and the owners have identified cost savings of over $100,000 that will start being realized from January 2020.
This action is expected to increase profit to well over $700,000 from 2020 on an under management basis.
At an asking price of $1.5 million and profit in excess of $700,000 this will present a great return and opportunity for a new owner.
This is a long established icon having started in the 1930's!
Secure lease in place
About The Area
Bustling regional center
Consistent profit of over $600,000 under management
Well set up
Yes training will be provided
About The Business
Reason For Sale
Owners have health difficulties and need to retire
Potential to expand the wholesale trade significantly plus potential to open more outlets
VENDOR WILL OFFER SOME VENDOR FINANCE
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