About the Business

Business ID: XB163011

TURNOVER: $500K – UNLIMITED POTENTIAL FOR OWNER OPERATOR OR INVESTOR

This is a standout opportunity for an investor seeking to grow the business and gain more market share across the Mid North Coast.

With a 40-year history of steady growth, TORQUE TECH would also suit a mechanically minded person with a passion for the industry.

Future opportunities are endless with the rapid growth of the region – and major projects, such the Oven Mountain Hydro project at Kempsey.

BUSINESS HIGHLIGHTS:

- Established as Eastland Bearings 40 years ago with ongoing growth and development

- Account customer base established with return clientele

- Strong client base, including timber mills, concrete plants, asphalt plants, all mechanical-type businesses, Birdon marine, ALL shire councils, plus walk in customers

- Government negotiations already in play to supply the Oven Mountain Hydro project at Kempsey

- Outstanding reputation built on quality work, longevity and range of clients

- Spacious (480 sqm) industrial space with workshop, office, show room, off street parking for customers and easy access

- 2-year lease just renewed – Assets ($25K) and Stock ($130K) included in sale

- Ongoing marketing includes Local search website plus adverts on social media and Google, Email marketing, Brochures and flyers mailed out across Mid North Coast

- 2 x F/T staff and 1 casual in place – Business can run without the owner on-site

- Training can be negotiated – ideally a full-time staff member will stay on with the new owner

PRICE: $155,000