OVERVIEW
Aleeda Westsuits based on the Gold Coast in QLD and established in 1969 is seeking a Working Partner or Sophisticated Investor to enable the Business to drive forward with major expansion plans.
HIGHLIGHTS
- Currently trading strongly with consistent revenue growth
- Outstanding projected Return on Investment for incoming partner or investor
- Both Silent & Working partners considered
- 2 new innovative product lines ready to launch mid 2023, the hardwork of product development has been done so new partner can hit the ground running!
- Fantastic Business Opportunity
BUSINESS DETAILS
This business has been operating on the Gold Coast for over 50 years and has become a leader in Water Sports & Team Gear in Australia.
The current customer base includes Surf & Watersports Stores, Clubs & Teams and Emergency Services
The business makes wetsuits, rashvests and team gear for both consumers & wholesale customers and supports Surfing, Bodyboarding, Kite & Sail, Surf Life Saving, Rescue & Emergency Services, Paddling, Surf Schools and Triathlons.
Currently there is a team of 11 operating in the Business with strong Management
The Company operates from a well equipped premises in Nerang with a secure long term lease in place and room for expansion
Revenue has been growing strongly year on year
THE OPPORTUNITY
The current owner has plans in place for a significant expansion of the business, the plan includes finalising new contracts, International supply opportunities and the launch of 2 new innovative product lines 'Oeolyca' and 'Cista'. The development of these new product lines is near completion and ready to launch Mid 2023. Full details of these opportunities will be provided to interested parties upon inquiry.
Unfortunately a range of factors has left the current owner without the required capital to push forward with these expansion plans and this has created a wonderful opportunity for a Sophisticated Investor or Partner to join the team and reap the rewards.
The current Owner will consider either a Silent Investor or Working Partner and is willing to offer an Equity Stake in the Business. The current Owner will also consider a combination of Debt & Equity to the right party.
INFORMATION MEMORANDUM
Please view the 'Information Memorandum' for more detailed information - Click Here to Read
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