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Clothing/Footwear Industrial/Manufacturing Business

Sydney 

Sold for $435,000 on 25 Jan 2017
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    Clothing/Footwear Industrial/Manufacturing Business in Sydney

    Fashion Industry - Textile Development Company - Highly successful & profitable

      Summary
      This is a truely unique opportunity to puchase a 50% share in a successful, established & profitable business in the fashion industry. The business has achieved strong year on year sales growth.

      Location Details
      The business is located in an inner city suburb of Sydney. This is an ideal location for the business as the suburb is an industrial and commercial hub and only a short distance from the Airport. The area also provides excellent transport links.

      Potential
      The business itself shows strong year-on-year sales revenue and has averaged a return on
      investment of 13% over the last 3 financial years. There are excellent future opportunities to expand not only within the Australian market but also international markets.

      Reason for Sale
      The current 50% shareholder is reluctantly selling their share due personal reasons, as they are relocating overseas.

      History
      The business was founded in 2009. The original owners, who with extensive experience in the fashion industry, saw a gap in the market for a business to develop and source new fabrics for buyers/designers. They are not a manufacturer and do not carry stock, which is a significant advantage for the business as this dramatically reduces the operating costs and overheads of the business.

      About the Business
      This is a unique, once in a life time opportunity to buy a 50% share in an established, growing and consistently profitable business with a loyal customer base and excellent supplier relationships.

      The existing shareholder works full time in the business on sales and product development
      and it is preferred that the purchaser be willing to take an active, and paid, role in the business as well.

      The Director role that would be available to the purchaser would be best suited to a person with an Accounting or Business Management background, as it would be expected that they would manage the financial side of the business and ensure all operations run smoothly, efficiently and to plan, while the existing Director concentrates on sales and working closely with customers, product development, and ensuring the business is at the cutting edge of textile production.

      A silent business partner would be considered, however, this will need to be reviewed on a case by case basis.

      To find out more about this exciting opportunity either click on the enquire button (located on the right hand side of your screen) or please contact Brent McDonald on 0413 158638.

      Brent McDonald | Ray White Business Sales Sydney | M 0413 158638
      T 1800 858 696 E brent.mcdonald@raywhite.com
      Level 17, 135 King Street, Sydney NSW 2000

      Disclaimer:
      Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.