The business has been operating for over 25 years and specialises in the importing and wholesaling of lighting related products. It operates from a premises located north of the river. This business is one of the larger independently owned wholesale and importing companies in Perth. The stock level is circa $1m and the annual sales are +$1m (previously +$2m). The brand reputation of the business includes being a supplier of large orders of quality products. Furthermore, the business has a well-established network of international manufacturers who spend a considerable amount of time designing and producing technologically advanced lighting solutions for homes and businesses. They also have contact with retailers and wholesalers in the country areas. Their established reputation in the electrical wholesale industry, has gained them increased exposure among architects, electrical consultants and electrical contractors. Due to the products being imported, the Australian Government requires that all electrical items imported into Australia must have Australian Standards Approval. This business organises and pays for these compliance tests in China for its products, so the certification certificates belong to the company.
There is currently a Manager, Sales Representative and Store Man in place, with the owner working on a part time basis.
The business imports a variety of products for indoor and outdoor use such as LED down lights and spotlights (domestic and commercial), Ceiling light fittings, Outdoor LED garden lights, Ceiling fans (sweep fans and exhaust fans), Pendants from single to multi drops, Floor and table lamps, Light globes, Highbays and Panel lights
This business is of good scale and could be suitable for a “bolt on” to a company aligned to this field who is seeking to obtain further economies of scale and/or leverage. It could also suit parties with a similar industry background (overseas company/migrant or eastern states company) wanting to commence a business in this field in Western Australia – and establish a base with a sizeable scale and good infrastructure. Alternatively, it could suit an owner operator with a similar industry background. There is another aligned business which is retail related, that potential purchasers may also be interested in acquiring at the same time.
This is a business which will perhaps suit a certain circumstance and could be a very good strategic acquisition for the right purchaser or business group. The Vendors are looking towards retiring, so are able to assist the purchaser with a handover if needed. Accordingly, they are realistic in their expectations.
Asking Price: $1,000,000 stock (estimate); $100,000 Vehicles, Plant & Equipment; $EOI for Goodwill.
We have an Information Memorandum available which interested parties can have access to after signing a confidentiality form. For further information contact the Zircom Office on (08) 9409 2266 or submit enquiry form.