This business distributes automotive, industrial & architectural coatings to primarily trade clients, with some retail. The business has history dating back to the 1960's, existing in its current form since being acquired by owners in 1998. It has recently expanded through the Wairarapa and other centres in the lower North Island.
Identifiable as a niche wholesale distributor of specialised product, the business enjoys recurring orders from long term customers, with extremely reliable ongoing demand for the products in question.
With a focus on the automotive panel repair sector, the company holds a formal distributorship with the NZ arm of a global paint brand which supplies a complete range of coating systems including specialised products for automotive and industrial use. They also distribute a number of other highly recognisable brands across coatings, workshop equipment, tools, and consumables.
All product is currently distributed out of a sizeable central warehouse near Wellington. This facility accommodates extensive inventory, paint mixing facilities, and a shop front for walk in custom. The warehouse is owned by the vendor and will be subject to a new lease if required by the purchaser.
The business runs a compact team with six staff plus three working owners. Two of the owners are operational and will work through a structured transition. One of the owners may be available to continue in a management role if required.
Most significantly, the business has very significant growth options, including:
• Further geographic penetration outside of the traditional trading area;
• Strategic focus on industrial markets and on sale of other equipment products already in the range (highly recognisable and respected brands);
• Leveraging of new national distribution rights for jobbing powder.
Price $1,000,000 + stock
Gerard - 027 220 8277.
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