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Imported Australian, New Zealand & Canadian Products Retailer

Location  United Kingdom
Asking Price Range  $500K - $1.0M
Gross Revenues  $1429373
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1994
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Training  The vendors are keen for the business to be handed over on a successful basis, and will agree to a period of handover for continuity of operations.
Reason for Sale  After many successful years building the business, the husband and wife vendors are looking to enjoy their retirement and the fruits of their labour by spending time travelling and experiencing a different work / life balance.
Description  Well Known Importer, Wholesaler and Retailer of Australian, New Zealand and Canadian Products Confidentially offered for sale Ref No: AK041 Location: Central London Leasehold Asking price: 550,000 inc stock of circa 120,000 This well known and respected business retails goods from Australia, New Zealand, South Africa and Canada and was established in 1994, with roots dating even further back. After trialing imported products to fairs and events around the UK, the vendors decided to expand by acquiring an established retailer of Australian gifts in Central London.. The previous retailer had history in selling goods on site at the Australian Embassy, and then via a shop unit in the West End of London. After taking over this small operation and trading from the original shop unit for a number of years, the business re-located to the present unit in 2003, from where they have been successfully operating since that time. The husband and wife vendors brought over 20 years of experience working with Australian Government representatives in London, and decades of knowledge in international logistics to establish a unique offering in the Capital and the wider UK marketplace. After originally focusing on supplying Australian foodstuffs, gifts and unique products to a growing customer base, the business took opportunities over the years to expand the portfolio of product lines to include lines from New Zealand, South Africa and Canada. The business imports directly and buys via other wholesalers a huge range of specialty branded foods, drinks, gifts and clothing items.
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