Each month we feature a selection of our businesses.
Location: Central North Island
Net Surplus: $120,081 EBPITD
Taupo Based - Licensed Distributor Opportunity
An exciting opportunity exists to own a business offering unique services to a niche market based in Taupo, servicing the Central Plateau are. This business operates under an exclusive distribution license agreement, backed by an experienced manufacturer. The current owners have added a number of complimentary products giving the business multiple income streams. A new owner can readily build on the foundations that are in place.
The business enjoys the profile and support of a nationally recognised brand arguably the leader in its particular industry and has exclusive right to distribute in its area. It receives excellent levels of support in relation to product supply lines, marketing, systems and technology.
The business has posted solid results over the past four years, in what have been tough economic times. The owners have seen a mrked increase in work as the building industry shows a growth in activity. The addition of complimentary products has ensured a good foundation plus the opportunity to grow the regular contracted maintenance side of the business gives an owner every chance to succeed.
The business is involved in the residential, commercial and industrial building trade and would suit a person from the trade or a particular person who is keen to learn. The owner will assist in training and is offering a suitable handover period.
Price: Asset Sale Only - Present All Offers
Location: Bay of Plenty
Horticulture & Agriculture Related-For Sale on an Asset Only Basis-Present All Offers-Bay of Plenty
This long established transport services business has been operating in the Bay of Plenty for over 20 years and has built a reputation as a leader in its specialist field.
The business has expanded its activities through natural growth and has a secure loyal customer base who retain their services due to the reliable, experienced and customer focused drivers and support crew. This successful formula ensures that the large client base made up of mainly arming and horticultural customers remains with the company and provides a solid base for expansion in the future. The business is currently returning a profit and potential to expand exists with a hands on operator.
Although the business is being sold on an asset sale basis it will also include the customer database, processes and systems. The vendors have asked that all offers are presented for consideration.
There is extensive specialist machinery included with this sale. A current market valuation is available which shows the machinery is valued at $1.049M.
This business is located within 30 minutes of Tauranga and is operated from purpose built facilities. The premises are leased from an entity associated with the vendor at current market rates.
The vendor has other business interest which he is looking to focus on. However the vendor is prepared to continue as an advisor if required for a period of up to 12 months to ensure a smooth transition for a new owner.
Laurie Wooding Properties Limited (In Receivership) t/a Flames International Hotel and Conference Venue is offered for sale to the market via an "Expressions of Interest" process.
The company, Laurie Wooding Properties Limited was incorporated on 28 August 1972 and is a long established company. It became involved with the running of Flames International Hotel and Conference Venue ("Flames") during 2006. The hotel traded reasonably well from 2006 to 2012 - but following the change of economic circumstances locally, it became difficult for management to meet its financing commitments resulting in Receivers being appointed.
The Receivers elected to continue trading the business and appointed an Agent to manage the business on their behalf.
Flames is the newest hotel in Whangarei. All guest rooms have balconies with views over Whangarei and/or the swimming pool. The hotel has been totally refurbished to a very high standard and is ideally positioned to take advantage of Northland's tourism industry.
Located on 1.38 hectares of prime land in Waverley Street in the beach suburb of Onerahi, Flames is just 1km from the Whangarei Airport and only 6 minutes from the Whangarei CBD. The Bay of Islands and the Tutukaka Coast are less than an hour away and Cape Reinga is a comfortable return day trip.
Please see their website www.flameshotel.co.nz for further details regarding accommodation, dining and conference facilities.
This is an opportunity to purchase an established well performing late night bar servicing the Courtenay Place hospitality area. The business currently has a part owner / manager in place together with bar managers for various shifts as required. The underlying strengths of the businesses include:
Courtenay place is a popular eating and drinking area in Wellington. The quality of the premises, ambiance, location and entertainment offerings make this bar stand out from other Wellington establishments. For anyone who is not familiar with Courtney Place in Wellington, it is Wellington’s major entertainment district and guarantees a steady stream of customers all year round. This bar occupies a prime location underpinning the performance.
The business has shown growth in sales year on year for the past three years in what could be described as generally challenging trading conditions. Turnover is circa $1.4m. GP is running around 66%.
Further information will be shared with serioulsy interested parties.
|TradeMark Protected Opportunity
Price: $288,000 + Stock
Net Surplus: $140,769 YE March 2013; $205,931 YE March 2012; $146,672 YE March 2011
Niche Building Industry; Specialised Focus
The business operates in a specialised nich area of the domestic building industry. The work they understabke leads into other trade services provided which are complimentary and a necessity. The owner is not on the 'tools' howerver has the capability. He is involved in the General Management & Sales side of the operatin. In addition there is some four full time and two part time staff.
The business has genuine growth opportunities with product trade mark protection in NZ & Australia. The product side of this business to date has only been a reactive activity largely supplying existing customers.
The opportunity is to ramp up production and marketing into the domestic market here in NZ & Australia. In addition approaches to the trade mass distribution market should be pursued. The owner has attended various home/trade shows selling product with fantastic success. Follow up orders are placed through their website.
The business operates with some 6-8 week forward work load. This does fluctuate throughout the year. Customer enquiries and quote data is housed in a CRM database system. This ensures very accurate reporting data is maintained. This system was commissioned some 18 months ago and houses in excess of 875 customer records.
The business operates very effective advertising and marketing campaigns.
The business has experienced year on year growth in sales and EBPITD profit performance. Turnover is circa $835,000.
|Established Youth Clothing Brand
Clothing Design, Production, Retail, Online, Database; Selling below Stock and Asset Value
This youth clothing brand and retail business has been established for seven years operating in Wellington and Nationally through an effective online presence. They have built a reputation for quality, style and value in their market. The business infrastructure is mature with solid systems and processes from clothing development and manufacture through to marketing and sales. Online and International sales offer the most apparant opportunities for growth along with traditional retail opportunities. The work has been done with the foundations in place for the next stage of development.
The business has:
There is a balanced, fresh range of items in the current catalogue. Current stock at cost is some $320,000. Book value of assets is some $197,000.
This business is located within 5 minutes of Wellington CBD in an established hub. The premises are leased at competitive current market rates.The vendor has other business interests which they are looking to focus on. However the vendor is prepared to continue as an advisor if required for a period of up to 12 months to ensure a smooth transition for a new owner.
Net Surplus: $142,768 EBPITD (9 months to 31 December 2012)
National Expansion Opportunity - NZ Wide Licence Agreement - Mall Locations
The business is involved in the retail sale of cosmetics, personal care products, hair care products, hair accessories, fashion accessories, sunglasses, belts, handbags, costume jewellery, body piercing and body piercing jewellery. There are currently two stores operating in Wellington.
The brand originated in Queensland with some 30 shops operating today in Australia.
They have a NZ wide licencing agreement with the Australian parent who shares brand access and stock buying power with the NZ businesses.
Target customer audience is predominately from 14-25 year old girls and the business has a good reputation for having on trend well priced product for this age group. Over the past few years they have found older women 30-60's have been making up a bigger part of their sales mostly in part to product pricing of brand name products such as Revlon and L'Oreal.
The shops have competent store managers and staff. The owner is running the businesses by remote control from Tauranga.
There is a very real opportunity to expand this business throughout New Zealand. The business owns the NZ wide rights to this brand. The business is about to launch a website into the market which should compliment the existing retail sales.
The business turnover is Circa $1m with YTD gross profit running at 67%.
In addition to the purchase price the current owner has invested into the development of a website. This is due to go live around mid March. A purchaser will have the option to purchase the website in addition to the sale price of $350,000.
The $350,000 purchase price includes stock of some $230,000 and depreciated assets of some $120,000.
The owner will be available to provide a period of assistance to a new owner. Details will be discussed and agreed with prospective purchasers.
Net Surplus: $320,269 EBPITD (Feb 2013); $285,828 EBPITD (Mar 2012); $259,596 EBPITD (Mar 2011)
High Demand for Services; High Barriers to Entry
The business is an infrastructure contracting company that specialises in a wide range of concreting and infrastructural landscaping and is involved in completing work in and around the following areas:
They have been in operation in the Wellington Region for some 25 years and have a first class reputation.They have completed a number of landmark projects for City Councils and the New Zealand Transport Agency (NZTA). They do not generally undertake any work for private clients instead prefer to focus their efforts on work for the various City Councils around Wellington and NZTA.
The business operates with a General Manager and a combination of employed staff and permanent contractors. The owner works approximately 20 hours per week in the business.They consistently have a forward work load of some two months as there is demand for their expertise and they have a first class reputation.
To compete work for NZTA and the various City Councils you are required to be an accredited/pre qualified service provider. This requirement acts as a barrier to entry for new entrants to the market. The business have pre qualified / accredited contractor status with their customers. These qualifications are difficult to achieve and are a major advantabe in winning work with the various governing bodies.
Over the past six years turnover has been between $1.4m and this financial year will be over $2.0m. The business has shown strong EBPITD growth over the past three years. The region has significant roading projects ahead which should see the demand for their services continue.
The owner has been in the business for a long time and feels that its time to retire from the industry. He is open to discussing a suitable handover period together with possible consultancy support into the future as and if required.
|Business & Consumer Software Solution
Price: Expressions of Interest
Net Surplus: $322,708 (2014 EBITD Projection); $1,868,784 (2015 EBITD Projection); $3,849,293 (2016 EBITD Project
Recurring Revenue Poised for Major Growth; International Opportunities
The company has built, tested and commercialised their product over the past 5 yrs. The company's software is currently utilised by a number of NZ Government entities & commerical organisations. The uptake has been significant since the product was recently launched on the market. The company is proving the value of this technology in the NZ market and is seeking a buyer to further deploy this technology into NZ and its developing offshore markets. The product has a number of competitivie advantages and the unique selling proposition is compelling. Existing & targeted customers sit across a diverse range of sectors including Local & Central Government, Education, Corporate & Private Individuals. Existing cases have Government Departments obtaining an ROI within 21 days!
The business is poised for a major growth phase. The business is in the early stages of commercialisation. Already there is some $800,000 pa worth of business on trial due for conversion. Every one of these customers has made significant savings during this trial period and is in the process of being converted to annual customers. That will produce recurring revenue. There are also offshore growth opportunities available.
The business is being presented for sale by way of "Expressions of Interest". Inidicative non binding offers are sought by 22 May 2013. The vendor will then choose who to proceed to Sale and Purchase agreement and due diligence.
Due to health reasons the working owner is now unable to continue in a full time capacity. The business requires a motivated working owner / investor to further develop the NZ and International markets. All the hard work is done. The business owner has more leads and trial customers to convert than capacity.
|Total Carpet Services - Dunedin
Net Surplus: $155,618 EBPITD 2012
Total Carpet Services Dunedin prides itself on having one of the only fully truck mounted carpet steam cleaning systems in New Zealand. The U.S.P of the company is these larger, more powerful carpet cleaning machines provide a much deeper, thorough clean than most of their competition. The current owners have been running the business for over 20 years and have built up an enviable and extensive database of repeat residential, commercial and institutional customers. The business enjoys excellent Gross Profit margins in the region of 80% and sales have increase year on year since 2009.
|We Think Design & Print
Price: $95,000 + GST (if any)
Specialist copy centre with an artwork twist...
This strategically located Queenstown (Glenda Drive Industrial area) copy service centre has benefited from being the only provider of specialist copy and printing services demanded by the surrounding customers (builders, architects, draftspersons). The business has expanded into a unique field of large piece canvas production which has allowed it to snare a large production contract.
We Think Design and Print could be easily run by a husband and wife team with no previous experience as the copy centre is simple to understand and operate; or attractive to an existing graphic designer who‘s looking for a low cost (going concern) entry point in to the Queenstown graphic design market place with a ready made customer database, or taken on by another professional service provider looking for a method of reducing over head costs.Price includes quality Plant and Equipment at an estimated market value of $26,290.
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