Internal Ref: RN 653
Summary
A highly regarded designer and mfg of custom-built staircases and Balustrades ranging from the Project Builder to the Architectural Designed home for customers throughout NSW highest level of quality.
Revenue
$3,778,000 pa
Rent
$63,000 pa
Expenses
$2,859,000 pa
Net Profit
$856,000 pa
Location Details
Located in an Industrial area in the Western Suburbs of Sydney.
Potential
Enormous amount of new building activity in the pipeline in the South and Western suburbs.
The propensity of homeowners to continually make improvements to their homes.
Targeted marketing to tier-1 Architects and New home Builders.
All sales to date has been achieved through reputation and word of mouth. A primary growth opportunity exists through either an owner going out more to actively look for extra work, and/or employing a sales rep to increase sales reach within key markets
Skills
Previous experience in the construction industry would be an added benefit but is not a definite requirement.
Hours
Mon to Fri 6 am to 4 pm
Lease
Long lease is in place.
Employees
Owners plus 9 employees most of whom have been with the business for many years.
Reason for Sale
Retirement
About the Business
Australian owned and well-respected company. Founded in 2017 by the current owners, the business has come a long way since it’s modest beginnings and today is a highly regarded designer and manufacturer of custom-built staircases and Balustrades ranging from the Project Builder to the Architectural Designed home for customers throughout NSW. They are renowned for their focus on providing the highest level of quality and service and pride themselves in their attention to detail, innovative flair and their attentive service.
They offer a wide range of products from traditional staircases, different profiles of Handrails, various styles of Balustrades, various timber species utilised, various designs of Newel posts and nosings. They also understands the importance of “on time delivery”, and the critical role this plays in their customers” production processes. This is one of its key attributes, which is widely recognised and valued by their customers. The company has a proven track record and is considered to be one of the market leaders in this industry in NSW. The owners strongly believes in investing in technology for the future, while offering first-class service at competitive prices.
Key Features
Genuine reason for sale – 1 of the owners wishes to retire. The 2nd owner is agreeable to sell but has indicated that he would be open to remaining employed by a new owner if this was required. Extensive training and support period will be available to ensure a smooth transition and minimal disruption for an extended period.
Strong organisational structure is in place with an extremely capable Office Administrator who runs the admin and HR functions of the business.
Strong and well-established name that is respected in the industry by customers and competitors alike.
Solid revenue base with growth can be demonstrated over many years and even through the recent Covid affected years.
Extremely profitable business with sound financials and tax returns available to support the figures – excellent cash flows. Balance sheet shows retained earnings well in excess of $2 Million despite paying substantial dividend distributions to the owners, which reflects the sustained profitability and strength of the business over many years.
Plant and equipment well maintained.
Premises is leased and a long lease is available. Spacious warehousing and spacious offices.
The ability to produce a wide & varied range of products to a high standard of quality.
Opportunity to leverage off existing skills and equipment to expand product offering.
History
The business was started by the current owners some 9 years ago and has built a wonderful reputation in the industry.
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