Rubber gaskets, seals and mouldings distribution

About the business

This is a distribution business in Perth, Western Australia, holding the exclusive distribution rights for Western Australia to a national manufacturer's precision engineered rubber gaskets, seals and mouldings. It supplies plumbing and trade wholesalers across WA and has traded for more than 15 years under the current owner. The manufacturer is ISO certified and part of a global group. The business also earns third party logistics (3PL) income from some of the manufacturer's national account customers. It owns two proprietary moulds, which produce its own in house product lines, and they are included in the sale. The owner runs it alone, with no employees, in about 20 hours a week. The business occupies about 100m², the current premises are not included in the sale, and a buyer with suitable premises could absorb the operation into them. A full handover is provided, including introductions to the supplier and customers. The broker reports a long standing business to business customer base, with no marketing spend required. The broker reports that the business has traded profitably, with a low capital requirement and minimal plant and equipment.