Summary
Established in 1993, Setori Engineering is a highly successful mechanical engineering and mining services business with a reputation built over three decades.
Location Details
89 Conlan St
Potential
Immediate Growth Potential
The business currently operates on a relaxed 4-day schedule (Monday to Thursday). A motivated new owner has immediate, unworked avenues to scale up by re-entering regional maintenance labour hire, expanding metal fabrication services, utilising idle machinery capacity, or introducing pump hire and municipal water authority servicing.
Employees
An experienced operations manager and five qualified workshop tradespeople handle 100% of the daily operations.
About the Business
The Opportunity
Established in 1993, Setori Engineering is a highly successful mechanical engineering and mining services business with a reputation built over three decades. Operating as the only workshop-based engineering business on the West Coast of Tasmania, it benefits from a highly defined catchment area with virtually no local competition.
The primary revenue stream centres on the repair and supply of underground dewatering submersible pumps for regional mine sites, working as a key service partner to a major global pump manufacturer.
Key Business Features
Unrivaled Local Position: No comparable local alternative exists for regional mine sites, protecting the business from northern Tasmanian or mainland competitors who face heavy travel and freight barriers.
30+ Year Client Relationships: Long-standing, stable relationships with local tin, gold, and base metal producers drive consistent word-of-mouth and repeat purchase order volume.
Self-Funding Trading Cycle: Outstanding cash flow structure allows the business to collect client payments before settling parts invoices, completely funding daily operations from its own trading.
Debt-Free Assets & Equipment Included: Sold fully unencumbered with an extensive base of vehicles, machinery, and fitting/fabrication equipment valued significantly higher than current output demands.
Passive Ownership Structure: An experienced operations manager and five qualified workshop tradespeople handle 100% of the daily operations. The retiring owner has worked outside daily operations for the past 5–6 years, contributing only a few hours of high-level oversight per month.
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