OPPORTUNITIES

	Large potential for growth in sales to existing and potential retail stores through servicing store buyers;
	Opportunity to increase sales by uplifting distribution through other well
	Recognised retail outlets such as Myers;
	Increasing demand in luxury ladies fashion items such as leather goods;
	Ability to take recognized brands further up market; and
	Low cost entry into an established wholesale fashion business:

TRADING HOURS - WEEK DAYS

Monday - Friday

COMPUTERISED

The business operates a stock/order computer system called "Distrib". The system manages inventory, orders, dispatch and provides detailed daily reports on orders, sales, margins and operating performance. The system can be integrated into other similar "over the counter" wholesale software systems, should it be required.

AVERAGE TURNOVER

Gross Sales 2002-2006 averaged $1,647,265 per annum

Highest 2002yr $1,840,227

NUMBER OF STAFF

The business employs 5 salaried employees being: The staff numbers will depend on the timing of the purchase of the business.

	Office and IT Manager;
	Sales Manager;
	Receptionist, PA, secretary;
	Bookkeeper; and
	Part-time Storeman.

REASON FOR SELLING

The vendors have owned and operated the business for the past 29 years. One

Owner turned 90 years old last year and the other owner 60 years. The Vendors

have advised that there is no sibling interested in taking ownership and

running the business. Both father and son have made the decision that they wish to retire from the business and in the case of the younger owner, undertake a new direction using the wealth created from the business over the past 29 years.

One owner has committed to remain in the business as a consultant for a period

of up to 12 months following the sale to assist the new owners with the integration of all aspects of the enterprise

GENERAL INFORMATION

Overview

A strategic investor or owner operator is being sought for the purchase of a long established wholesale importer and distributor of small leather goods, ladies handbags and other related items.

Being offered to the market for the first time in 29 years, the current owners are retiring and have created the opportunity for new owners to build on the strong business foundations created over their term of ownership.

The Company is a private family company, which was used to purchase a very well division from a Public Company in 1979 and has since grown to register regular ongoing sales turnover between $1,400,000 and $1,800,000per annum.

The company has long established offshore manufacturer/supplier arrangements and strong distribution capability amongst a number of major and specialty retailers for its product lines.

Based in Sydney NSW, the company has a national distribution network throughout Australia using direct relationships and commissioned agents.

ASKING PRICE

$135,000 + stock