For Sale - Multiline Manufacturers Representative & Wholesaler, Hobart, Tasmania. With option to purchase building.

Wholesale Products (Tas) is one of Tasmania's leading multiline manufacturers representatives and wholesalers, specialising in the distribution of water and plumbing products statewide, since the mid to late 1980s.

The business represents over 30 manufacturers across Tasmania, including Everhard Industries and Actaris (water meters). Income is derived from commission, consignment and wholesale terms of trade; allowing the business owner to take full advantage of wholesale opportunites from a sound platform of commission income.
The organisation structure includes 2 working directors (sales manager and office manager), 3 full time employees, 1 part time employee and 1 casual.

The owners have dilligently upgraded the reporting structure and IT resources to allow the business to grow efficiently. There is little evidence of key man risk, enhancing a smooth handover to new owners.

The business may also be suitable acquisition for a small private equity group to operate under management.

The business is being offered for sale by negotation at $445,000 plus SAV (allow up to $150,000), as a leasehold going concern.

The land and building component is also available for sale at $515,000 offering a 9% yield.

This exciting business is very profitable and dynamic with potential to expand the manufacturers portfolio to suit the new owner(s).

A comprehensive Information Memorandum is available from Merchants Hobart, after executing a Deed of Confidentiality. Interested parties should contact
Simon Merchant direct on 0419 595 134 or simon@merchants.net.au .