Summary
This truly unique business Est. 1971 is now up for sale. We manufacture and distribute chain, wire, fittings and building products; servicing the building, farming, marine, and hospitality industries.
Revenue
$1,123,000 pa
Location Details
This perfectly located business is nestled close to the intersection of the M80 ring road and calder/tullamarine freeway which ensures quick and easy access to all areas of Melbourne. 15min to CBD.
Potential
Our Business model is centred around fully automated machines producing chain and wire products. We also sell a vast array of imported fittings and accessories to the marine, transport, building, farming and hospitality industry. The business also includes an online store (and domain name valued at 50k) which has had huge increases in sales over the past 5 years and has a large potential for further growth.
Skills
-Well developed customer service skills.
-A meachanically minded individual would definitely be of benefit but not neccessary.
-Must be dedicated.
Hours
9am to 5pm
Monday to Friday
Lease
Current lease at $48,000 per year.
Employees
Two man operation. (father & son)
Plus a part-timer working 3 days per week and another part-timer working 2 days per week.
A marketing person who works 8 hours per week from home.
Reason for Sale
I started here at 17 and I'm now 71. My son has worked here 15 years and we're both ready to retire.
About the Business
This business is truly unique in Australasia!
We manufacture chain and wire products for various industries throughout Australia and New Zealand on automated machinery. We sell to large distributors, re-sellers, small businesses, government departments and the general public. We have experienced a large increase in sales over the last few years with a strong online presence and ever expanding customer base.
This business has experienced huge growth with the 6 previous turnovers and profit being:
2019 - $479,000 - $171,000
2020 - $631,000 - $195,000
2021 - $853,000 - $273,000
2022 - $961,000 - $342,000
2023 - $1,123,000 - $349,000
2024 - $1,194,000 - $345,000
Please note: SAV (stock at valuation) is currently fluctuating between $650,000 - $800,000.
History
-Established 1971 in Fitzroy, Melbourne and began manufacturing wire products.
-Moved out to a larger premises in East Keilor in 1980 and in 1981 began manufacturing chain.
-In the 2000s began also importing a large range of fittings, accessories and building products.
-2016 launched the online store.
-2020 new upgraded online store with branded domain name.
IF INTERESTED PLEASE CALL or SMS: 0451 990 990.
(DO NOT EMAIL as it won't be replied to, thank you)
No time wasters, please!
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