Lloyds Business Brokers has completed the Sale of a highly successful and much sought-after Importer and Distributor of branded netting products for various sectors including Sports, Agriculture, Leisure and Petcare across Australia, Asia Pacific and the USA.
This long-established family run business has an excellent range of top-quality products across varied and non-related industries, mitigating risks of seasonality and potential industry changes. It carries premier brands and is known as a trusted supplier, with longstanding agreements with key international suppliers built up over decades of close collaboration. It is a high performer with a loyal customer base.
The custom division is growing exponentially and has a lot of scope for growth.
The business has invested in a sophisticated in-house tech capability over the past decade, allowing the company to move quickly in terms of new products, photography, marketing and web design. Its large online presence has resulted in a rapid growth of direct to consumer sales in addition to its traditional B2B sales. The business has built a defensible market position in a niche industry sector and is highly profitable.
“Well done the Lloyd’s Team – it has been a huge learning curve for us all, but I have achieved what I set out to do. Exit the business up front but keep it running with my great management team and loyal staff. So for our suppliers and customers, it is “business as usual”. Special thanks to Karen Dado – Lloyds’ NSW Director, who kept me fully informed, providing valuable input and feedback along the way”. – Owner, netting business.
The Sale follows a highly successful marketing campaign that resulted in circa 50 qualified Local, National and International enquiries, numerous site inspections from interested prospective buyers; and multiple qualified and formal offers on the table six weeks later.
The sale was conducted by our NSW Director Karen Dado, who, working closely with the client, and using the proven Lloyds Brokers Business Sales Process, managed this high level of market interest and achieved a pleasing result for both Vendor and Buyer.
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If you own a business in the Import/Wholesale, Online sectors, talk with Lloyds Brokers for advice on how to buy or sell a business, contact the experts at Lloyds Business Brokers, Australia’s Industry Leading Corporate Broker on 1300 366 943.