This business has been operating for 15 years and has solid relationships with major distribution partners in New Zealand. The company has delivered a normalised EBITDA of $145k and has stock of $1.1M, for the financial year 2020.
They have exclusive distribution rights of the five brands they sell in New Zealand and the Pacific Islands and are one of the largest tyre wholesalers in the Pacific Islands (representing 25% - 30% of their revenue). This is unique to other tyre wholesalers who do not have a Pacific Islands presence.
The majority of their revenue is recurring (at least 80%) which reduces the risk for a prospective buyer and they have a strong customer base of over 320 clients.
The company has a team of experienced and highly capable employees who have the skills to guide the organisation through successive stages of growth. In addition, the current owner is prepared to do a handover over a reasonable period.
The business's location is very accessible to key suppliers and customers, being just 10 - 15 minutes drive from the Auckland CBD. They also stock tyres across three 3PL warehouses - Taupo, Whangarei and Whanganui to cater to the regional market.
This is a rare opportunity for a driven operator to be a part of a well-established business and grow it significantly or an existing business wanting a bolt-on for instant growth through acquisition.
Call Pauras Rege - 021 155 8107 for further information.
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