Source: MIL-OSI Submissions
Source: Kauri Business Sales
A well-established market leader in importing and distributing food products known for its quality and brand value on a nationwide scale in the lucrative grocery sector has been placed on the market for sale. Established over 20 years ago, they serve a broad range of customers, with over 95% of the company’s products supplied by the business exclusively.
Most of the revenue (over 90%) is derived from repeat orders, delivering a consistent year on year revenue – $6.6M average for last two financial years. The business has endured tough economic conditions during COVID-19, remaining resilient.
The business is managed and the existing workforce is experienced, and well equipped to continue growing the company. The customer base is diversified with nationwide coverage and minimal reliance on any single customer. Barriers to entry are high, with multiple organic growth opportunities.
The asking price for the business is as follows:
– Business only – $3,500,000 plus estimated stock of $1,000,000
– Business & Property – $5,700,000 plus estimated stock of $1,000,000 (with the asking price for the commercial property alone being $2,200,000)
The going concern import distribution business is now being marketed for sale by Kauri Business Sales, with the sales process closing on 17 December. Kauri Business Sales Director Khushdeep Sharma said the company has numerous competitive advantages.
“The key point of difference between this business and its competitors is that this company stocks a significant portfolio of grocery products, with exclusivity across almost all the brands they stock,” Sharma said.
“The company also owns the premises from which they operate, which includes an office and warehouse. This is a rare opportunity to purchase an iconic food import distribution business along with a well-located commercial property.”
Potential buyers are invited to contact Khushdeep Sharma, Director, Kauri Business Sales
Further details and online confidentiality agreement are available on the Kauri Business Sales website kauribusiness.co.nz
