Summary
The owner has retired and has a warehouse full of stock to dispose of. The business bought and sold electrical fittings and lighting, residential and commercial, through online shop and wholesale.
Location Details
The stock is currently located in Greater Brisbane but can be relocated to anywhere in Australia.
The retail side of business is through online shop, wholesale can be operated from capital city or regional area.
Potential
The potential exists for the purchaser to buy the stock and business at well below stock value and capitalise on the cashflow to expand and grow the business.
Skills
The purchaser would benefit from having an entreprenuerial bent and good communication skills. Whilst some basic knowledge of construction, lighting or design would be an advantage, full product training can be included.
Hours
The hours of operation are determined by the owner, no physical store is currently operated.
Lease
The buisness is not encumbered by a lease and all stock is ready for transfer to new owner, storage premises required.
Employees
No full time employees.
Reason for Sale
The owner semi retired prior to Covid and pursued other interests, since Covid the owner has taken full retirement and wishes to sell the remaining stock.
About the Business
Founded in 2014, the business operated throughout Australia, New Zealand and the Pacific Islands. Providing solutions for the management of liquidated stock, returned and quit stock, overstock and pre-insolvency asset disposal.
Specialising in lighting and electrical, but with experience and expertise in finding markets for stock and assets, specialist or high volume.
Using an online store for retail and wholesale for commercial and export.
History
The business successfully traded from 2014 but was put aside in 2019 while the owner semi retired and undertook a property subdivision. Subsequent to Covid 19 the owner has elected not to trade again and is therefore selling the business.
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