PROFITABLE PICTURE PERFECT LIGHT MANUFACTURING BUSINESS

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NET PROFIT
$332,000 pa

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PRICE
$745,000

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STOCK
INCLUDED

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LOCATION
Perth Metro South

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REF NO
TF158GMC

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BROKER
Glenn McTaggart

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TF158GMC

Key Features

  • Long established over 20 years
  • Limited competition for their product range
  • High exposure premises in a central location with easy access
  • Over 10,000 customers on the database with 70% repeat business
  • Well trained and committed staff in place
  • Strong financial uptrend with turnover and profits.
  • State-of-the-art plant and equipment

LUCRATIVE IMAGE and ART PRESENTATION BUSINESS

The hard work has been done in developing a sound platform for business growth for future years.

This unique business is ripe for the picking for a new owner to benefit from a rising sales trend.

  • Long established over 20 years
  • Limited competition for their product range
  • High exposure premises in a central location with easy access
  • Comprehensive product range and service offering
  • Exclusivity on some in-demand products
  • Over 10,000 customers on the database with 70% repeat business
  • Well trained and committed staff in place
  • Strong financial uptrend with turnover and profits.
  • Strategic partnerships with well known artists
  • State-of-the-art plant and equipment

High Gross Profit Margin – Self propelled sales and a high gross profit margin of 73.3% is indicative of a business which is both solid and in a strong growth phase.

Widespread Growing Repeat Client Base – The Growing list of customers currently numbers approximately 10,000 with no one customer representing more than approximately 30% of the annual sales.

Low Risk – Key Customer Retention Features – The Business has accumulated a large volume of customer’s repeat order artwork which is held by the business and effectively acts as a deterrent in losing customers to competitors.

Long Established – This successful business has been servicing the region and surrounding market for some 20 years and during most of that time the demand for its products and services has exceeded the Business’s capacity to produce. With very little sales or marketing effort turnover has continued to grow year on year, purely through reputation and word of mouth.

Immediate Potential to Expand The Business – A new owner has a number of opportunities to increase sales through marketing, additional associated products and promotion into other areas of the state and nationally.

Low Competition – This businesses competitors are long-established, so the company has always operated against the present level of competition. In these market conditions the business is able to achieve consistent growth so the presence of competitors effectively has no effect on its turnover or profitability.

Ease of Operation – No Experience Necessary – A new owner would not necessarily need to have industry experience prior to purchasing the Business, as the current owner would provide a generous hand-over and training period.

Current Year to Date Sales Are Up – The Business continues to enjoy consistent growth year-on-year with sales are up 14.7% from 2021 to 2022 and up 12.8% from 2022 to 2023.

With annual sales approaching $1.0ml, the business framework is well established for this trend to continue. It is anticipated growth will continue and grow by 15% per annum as it has been doing in the last five years.

The growth is under-pinned by excellent customer referrals and a strong online presence which includes multiple 5 star Google ratings.

The total client base numbers are approximately Over 10,000  customers, of which repeat order clients represent approximately 70% of total sales.

Because the demographic is so varied the business can have repeat customers who can have two to three jobs every year, artists who have 2 to 3 jobs every month and large wholesale customers who can have 2 to 5 jobs every week. It is extremely rare to never see a customer again.

Over the years this business has seen their competitors come and go, with them trying to compete with the mass production and cheap prices of standard sized pre made products flooding the market through Ikea, Harvey Norman and the like as well as online.

Most art, memorabilia and photos won’t fit into these standard size frames, hence there will always be a need for the custom framer. Rather than competing with this low profit market, the business enjoys high profit alternatives and upsells to the customers.

This is the only business in the region that offers its customers a complete service for all their framing requirements.

The business is very fortunate with existing customers providing referrals to a large number of new customers reaching from near and far.

 

Key Features

  • Long established over 20 years
  • Limited competition for their product range
  • High exposure premises in a central location with easy access
  • Over 10,000 customers on the database with 70% repeat business
  • Well trained and committed staff in place
  • Strong financial uptrend with turnover and profits.
  • State-of-the-art plant and equipment

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