Summary
Ausblok is a key manufacturer of masonry products in the NT, supplying approximately 40% of the residential, commercial, remote Indigenous Housing and defence projects in the Northern Territory.
Revenue
$3,600,000 pa
Rent
$120,000 pa
Expenses
$2,760,000 pa
Net Profit
$720,000 pa
Location Details
12 Tannadice Street
Located in the heart of Winnellie with access to Tiger Brennan Drive, Ausblok is well positioned for inner city development or deliveries to the growing suburbs of Palmerston and beyond. With 13,000 m2 of land there is ample room for road trains.
Potential
This business has huge potential in the growing DIY market in the Territory, currently running 5 days a week, 7.6 hrs a day, business could easily move into retail market with increased production hours. Currently running one shift it has plenty of room for another shift and for 6 day a week operation. Retail markets and alternative products are a growing market and will be a nice addition to this solid business.
Skills
Current owner is a tradie and this has proved beneficial for repairs and maintenance but not essential. Business has key staff in place for day to day operation with equipment support from the manufacturers office in Brisbane. A good understanding of excll and myob along with attention to detail and customer relations is all you need. Ausblok has been working in Darwin for over 20 years and has a solid base of sub-contractors for work when needed.
Hours
5 days a week, Monday to Friday 7am to 2.36pm.
Lease
Property is for sale Leasehold or Freehold and happy to discuss options with any propestive purchasors.
Employees
Business has 7 full time employees including the Managing Director who works remotely 50% of the time. Key staff are aware of sale and happy to transition to new management.
Reason for Sale
Current Director is reaching retirement age and will be relocating to South Australia where his family have already moved and purchased a new house. As the current Director is not moving to another position they are willing to provide ongoing support if required (at a cost).
About the Business
Ausblok runs a Columbia computer controlled 3 block machine producing high quality masonry products for supply across the whole NT. The company supplies to approximately 40% of the market with long established relationships over the last 20 years. Our products meet or exceed Australian standards and are used in all aspects of constrution.
The main sectors include remote Indigenous housing, residential housing, commercial building and defence work.
Ausblok has recently tendered the Darwin Shiplift for the supply of over 100000 m2 of industrial paving with a decision expected in the near future.
With a solid track record in a stable and secure market that is only getting bigger, the recent Federal Govt announcement of $4 billion to be spent on remote Indigenous housing over the next 10 years, ensures production demands into the future.
This remote spend combined with the expansion in the oil and gas sectors will only grow the Darwin and remote housing market.
This businees is ideally suited to grow with the market over the next decade and beyond while providing excellent cash flow and potential from day 1.
History
The company was formed 20 years ago and was originally the Humes plant in Darwin prior to being purchased by Peter Jarvis and Clayton Cox. Peter and Clayton ran the business for 10 years prior to selling to the current owners in 2015.
Although the block plant is over 25 years old it is continually updated with new components and is still considered a current machine across the world.
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