Company: Phoenix Trailers
Time to sell: 6 months
Offers: 2
Sold: For listed price of $998,000
Customer
A manufacturer of high-end builder’s trailers, with one working owner and eight staff. A highly profitable business with robust systems in place and a substantial market presence.
Background
Our seller wanted to take up her passion for pet care. She planned to use the proceeds of the sale to launch an international pet rescue organisation called Paw Prints.
Brief
The owner wanted to sell within 12 months. We received many offers on the business and were able to obtain a full price offer.
Our approach
Once we started to market the business, we noticed the number of Phoenix branded trailers on the road. The brands overwhelming market presence was pivotal in being able to achieve a full sale price.
Solution
The Vendors were very proud of their business and their product. They suggested a visit to any worksite to see if there was a Phoenix trailer onsite and that they ask for feedback regarding the product. Our buyer did and was very impressed with what he heard, and on that recommendation, he bought the business.
Result
The Vendor stayed on for three months to assist with the handover.