Internal Ref: RN 650
Summary
Sydney based marine engineering specialists who have been serving local and International markets since 1912. Specialists in marine propulsion equipment & stern gear. Highly respected in the industry.
Revenue
$1,798,000 pa
Rent
$96,000 pa
Expenses
$1,227,000 pa
Net Profit
$475,000 pa
Location Details
Situated in an industrial area with 2 small office spaces plus factory floor space is used for manufacturing. There is also a mezzanine space used for storage.
Potential
Targeted marketing and advertising strategy would undoubtedly assist in promoting additional clients. Limited marketing has been performed and a more sophisticated and optimised website could attract new enquiries.
With the company name and reputation, this allows for more scope of works with the introduction of many other trades being offered to the existing client base should a new owner wish to expand services in a new area.
Skills
Ideally the owner or manager will be hands on and have a fitting and machining, mechanical background, welding, and/or have worked in the marine industry or similar industries and maybe have good boating knowledge.
Hours
Monday to Fridsay
8 am to 5 pm
Lease
New lease is availbale as the owners also own the premises.
Employees
Owner plus 3
Reason for Sale
The owner wishes to retire but is willing to remain for a long handover if needed.
About the Business
A Sydney based and Australian owned and operated marine engineering specialists who have been serving local and International markets since 1912.
They are specialists in the manufacture, supply and repair of marine propulsion equipment & stern gear. Through a long association with the Australian marine industry, their highly experienced staff continue to produce premium quality standard and customised products with friendly personal service and advice.
As specialists in their field, this business has seen continuous growth over time as they strive to offer quality products and services and provide their customers with positive sales and after sales experiences. This has resulted in the development of strong relationships with their client base as is evidenced by the loyalty they have received over the past years and continue to receive today.
Key Features:
Established in 1912 with a reputation for quality and reliable service.
This business services many wholesale and retail customer groups annually.
The owner has increased the customer base mainly through referrals - limited marketing has been done.
5 days per week only unless there is emergency work.
Very stable business model with years of consistency with the current clients.
The service is an essential speciality service needed by their commercial and independent clients.
An established business, with clients situated throughout the Sydney region as a well as interstate.
Concentrated client base enabling effective time management.
Service industry that cannot be exported overseas or disrupted by the internet.
The business provides essential marine services.
Enormous scope for scalability if a new owner wishes to further expand services offered in other areas or regions.
Leading supplier of propellers, shafts, couplings, rudders, and skegs.
Owner available for handover assistance.
History
The company was founded in 1912 and the current owners purchased the business in 2002. The company has been based at its current premises for well over 20 years which provides offices, storage, houses plant and equipment, CNC and fabrication facilities.
Well rtespected reputation.
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