SOLD! Major Fashion Accessories Import and Wholesale Business – VIC

This is a long-established business specialises in the supply of fashion accessories to leading retailers in Australia and New Zealand. The products are either supplied as a private label (brand of the retailers) or the brands owned by the business.

Operating in a competitive industry with both local and overseas competitors, the business competes successfully by offering the latest fashion concepts, access to reliable overseas suppliers, close working relationship with customers, and meeting quality and delivery timeline.

Highlights:

• Revenue for FY2022 $11 million with pre-covid revenue of $16.8 million
• Adjusted EBITDA (under management assuming with a General Manager) over 4 years of $743,739.
• Experienced team with the skills/interest in fashion, negotiation, manufacturing, logistic and finance
• Strong track record (quality, price and delivery) and relationships with major fashion retailers and department stores in Australia and New Zealand
• Reliable network of overseas manufacturers that can supply the products at the quality, price and timeline needed
• Management team in place to handle day to day operation

The director has decided to sell the business due to pending retirement.

This established wholesale business would be suitable as a :

• “Bolt-on” for a business seeking to grow by adding new product ranges and customers
• Individual seeking an established import/wholesale business with a strong niche, reliable suppliers, extensive list of customers, and experience employees 

With a solid foundation, this business offers multiple growth opportunities.

Asking Price: $1,380,000 + Stock

Note: Average stock value between $750,000 to $850,000