Import & Wholesale Distribution Quality Home Office Furniture For Sale

Business description

This well established Australian company is based in Outer Eastern Melbourne and imports and distributes high quality home office furniture from Indonesia and China. The business trades with a major national furniture retailer giving the business maximum exposure and furniture volume with guaranteed payment. The business is located at their office/warehouse in an outer eastern Melbourne suburb.

The Vendor is selling the business due to personal circumstances, and the very realistic asking price has been set to effect a quick sale.

Included in this offer are the following:

• 100% of the business assets of the business;
• A business with a well established and broad customer base and one that is poised to enter a further growth phase;
• A well-established trading name with a reputation for quality and outstanding service;
• An extensive client database;
• The ownership of the necessary plant and equipment to conduct and grow the business, with an estimated replacement value of $80,000;
• The knowledge and trade experience of the current owner who is willing to provide any required training during a transition period;
• The goodwill of the business, built up over five years.

Operations:

Current hours of operation are:

Monday – Friday: 9.00am – 5.00pm.

The business is closed on Saturdays and Sundays.

Market / Customer

A range of home office furniture and living room furniture is sold exclusively through approximately 120 stores of a major national retailer.

An additional range of home office furniture and Flat Pack products are sold to approximately 80 independent furniture retail outlets.

Although the business is principally a wholesaler, selling to retail furniture stores, it also sells a small volume of damaged stock directly to customers.
Products:

The product range includes:

• A range of top quality timber desks, bookcases & filing cabinets that are themed together.
• A range of Tasmanian Oak living room furniture that includes Low Line & Hutch TV cabinets, Occasional Tables, Dining Suites and Buffets and Hutches.
• An additional range of timber home office furniture that is sold to independent retailers.
• A range of “flat pack” computer desks and student/home office furniture.

Premises:

Located in an industrial estate in an outer eastern suburb of Melbourne, the business is well positioned to cater for the increasing demand for its products. With close proximity to the Eastern freeway and Maroondah Highway, the company’s products can be dispatched to customers very efficiently.
The premises are comprised of 590m2 of warehouse floor space plus 100m2 of mezzanine storage and 70m2 of office space. The premises are currently leased at $4,400/month + GST.

Plant & Equipment:

All existing Plant & Equipment to operate this business is included in the asking price,

A comprehensive Plant & Equipment list will be provided during due diligence.

Management / Staff:

The current owners have now decided to sell the business for personal reasons.

This is an uncomplicated business and is run by its sole owner; there are no employed staff. A subcontractor provides local deliveries and assists with stock loading and unloading.

Day to day operations include the processing of orders, accounts management, some sales and marketing and stock ordering.

The Vendor will provide any required training and assistance during a suitable transition period.

Growth Opportunities

This business has outstanding growth potential if managed efficiently and if attention is directed towards growth strategies.

In order to grow its position in the marketplace, the business could implement marketing strategies designed to better focus on its target market segments. No structured marketing is currently undertaken.

The range of Living room furniture has just been introduced and it is expected that sales of this range will quickly grow to over $1m annually.

The Home office range was recently expanded to include corner desk returns and lateral filing cabinets.

The range of home office furniture which is sold to independent retailers was only introduced this year. Sales of this product range are expected to double over the next 12-24 months.

Property information

Real Estate:

Lease

Other information

Trading hours:

Monday - Friday 9.00am - 5.00pm