Lloyds Corporate Brokers has completed the sale of a Sydney based highly successful, 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 over decades of close collaboration. It is a high performer with a loyal customer base.
The custom division is growing exponentially and has plenty of scope for growth.
The business has invested in a sophisticated in-house tech capability over the past decade, enabling it to move quickly with new products, photography, marketing and web design. Its large online presence has resulted in 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 about 50 qualified domestic and international inquiries, numerous site inspections from interested prospective buyers; and multiple qualified and formal offers on the table six weeks later.
The sale was conducted by Lloyds NSW Director Karen Dado, who worked closely with the client, used the proven Lloyds Brokers Business Sales Process, and managed the high level of market interest to achieve a pleasing result for both vendor and buyer.
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