Summary
Acquire a turn-key importer and wholesaler of Natural Stone and Ceramics. Offering over 30 years of experience, acquire excellent product quality, stock valued at $1.4M included in asking price.
Location Details
This Sydney, NSW business is situated in a prime city location, the business benefits from excellent accessibility, enabling seamless logistics and distribution processes.
Potential
Potential growth opportunities include:
1. The addition of stonemasonry works to include a ‘supply and install’ facilities will generate substantial additional revenue and higher profitability
2. The ban on engineered stone, effective from July 1 ‘24 presents another growth opportunity, in the form of increased imports of Natural Stone, Porcelain and Ceramics.
3. Olympic Games 2032 Brisbane will see new builds and renovations of existing facilities which will generate above average demand for building products, including Natural Stone.
Skills
To be successful in this business, acquirers will need to have customer service skills and knowledge of, or a willingness to learn, about the Natural Stone industry. Relationship building with key stakeholders is also essential.
Hours
The showroom is open six days a week. Monday to Friday from 9:00am – 5:00pm and Saturday 10:00am to 3:00pm.
Lease
Current lease expires on April 2026 with 1x2 year option. A short lease may benefit an acquirer wishing to relocate.
Employees
A small team which includes 4 employees in addition to the owner.
Reason for Sale
The business is being sold so the owners can focus on enjoying a well-deserved retirement following a long and successful career.
About the Business
The business offers more than 30 years of experience in the niche Natural Stone and ceramics import and supply industry. The business is a market leader offering products for projects both big and small. The business has made a name for themselves offering superior quality products supported by excellent, end-to-end service starting with the design phase and extending through post-sales support.
Investment Highlights:
• 100% Australian owned and operated
• With over 30 years of experience, the business is a trusted and reliable supplier of Natural Stone and ceramic products
• Products are used for a broad range of commercial, residential and landscaping projects
• Excellent reputation and market position
• Extensive and diverse product range of stone offerings to meet every project need
• Company culture committed to superior quality and customer service
• FY23 sales > $3.7m including an EBITDA of $320k
• A team of long-term industry experts
• Loyal customer base sourcing more than 40% of repeat customers
• Diversity of international suppliers from Italy, Spain, Turkey, Greece, Germany China and Vietnam
• Business sale price includes all assets and stock related to the business including inventory, machinery, equipment, intellectual property, customer database, supplier contacts and goodwill. Stock currently valued at more than $1M
• Numerous growth opportunities identified associated with the ban on engineered stone effective July 2024 and the preparations underway for the 2032 Brisbane Olympic Games
• A 1,500 m2 warehouse including a 250 m2 showroom and offices ideally located in a central Sydney, NSW location
• Hundreds of slabs in stock at the showroom location allowing customers to touch, feel and explore the diverse range of products
History
The business has been in operation for thirty years and has built strong relationships with suppliers and customers. The long history represents years of growth, experience and the nurturing of relationships to bring it where it is today.
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