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Prestige Fans Distribution

Prestige Fans Distribution

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Location Details :

Country

Australia

State

Victoria

City

Ocean Grove


Industry :
Import/Export/Wholesale
Sub Industry :
Wholesale

Prestige Fans is a locally based distributor of the Hunter brand products and accessories and the Atlas brand of fans, manufactured by the US-based Matthews Fan Company, producing comfortable six-figure returns. The business began as a locally based distributor of products and accessories by marketing the high quality and highly sought-after ceiling fans and accessories to lighting stores, retailers, and service agents. Prestige Fans now maintains a warehouse and showroom located on the corner of an industrial estate in Ocean Grove. It has evolved to the changing post-Covid market by expanding its distribution opportunities to include direct-to-consumer via the company websites.

As ceiling fans are treated as electrical products, resale requires the business to acquire and maintain current Australian approvals for stock sold within Australia. As such, Prestige Fans holds the Australian S.A.A. approvals for all Atlas products within Australia and whilst the Hunter Fan Company maintains ownership of the Australian approvals for their products, Prestige Fans is registered as a responsible supplier with E.R.A.C. for both the Hunter and Atlas products within Australia (which is necessary to be able to sell Australian approved electrical items).

As Prestige Fans was initially established as a local supplier and distributor of ceiling fan products and accessories to retail outlets for reselling to consumers, the business maintains an extensive database of over 150 lighting stores and electrical wholesalers who sell ceiling fans. Within the last 12 months, approximately 100 of these retailers have placed orders with Prestige Fans, while more than 50 lighting store retail outlets maintain Hunter and Atlas brand fans on display. The business also keeps a network of accredited and authorised service agents trained in the repair and maintenance of Hunter and Atlas fans.

The key features of the business are:

• Prestige Fans’ most significant strength is in the exclusive relationship with the Hunter Fan Company and Atlas Fans manufacturers.

• Prestige Fans supplier’s product quality, reliability and the security offered by the manufacturer’s lifetime motor warranty ensure customer satisfaction and continues to build a higher degree of trust and reputation in the market.

• Prestige Fans produces strong earnings for an owner-operator, with 2022 numbers achieving 10% growth compared to pre- covid results. The business has shown strong and consistent sales performance, maintaining a solid average each year.

• Prestige Fans has viewed the ups and downs of the retail market as an opportunity for new success. Aware that the business relied on retail storefronts for its revenue, Prestige Fans has begun to future-proof its income streams and expand the availability of its products in the market by incorporating new direct-to-consumer product sales options on the business’ websites and showroom.

What makes the business successful?

Prestige Fans has been engaging in effective marketing and advertising campaigns to drive brand exposure for the general public and develop professional relationships with design influencers such as architects and interior decorators that can generate further brand awareness and interest. This is predominantly accomplished through digital advertising and social media campaigns, while printed material and email campaigns are used to engage with retail outlets to drive wholesale purchasing.

Prestige Fans utilises several software packages to perform and streamline business operations, including online Hunter brand sales processed with Shopify and associated add-ons resources and online Atlas brand sales processed using Square (Square is also used for any in-store purchases).

If you are a similar business looking for expansion or you are interested as an owner-operator looking to live a coastal lifestyle running an established distributor with exclusive agreements, please enquire now.

Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.

Price: $359,000 + S.A.V.

Finn Business Sales
Geelong and South West Victoria
(03) 5259 9970

Broker: Ashley Brimacombe
0417 805 438
ashley.brimacombe@finnbusinesssales.com.au

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