Summary
Annual Revenues Consistently $5M+, Outstanding income to owner
About the Business
Business ID: XB164392
Annual Revenues Consistently $5M+, Outstanding income to owner
Established over 15 years ago with long-term workshop staff in place, this business produces metal fabrications for regular clients located in Newcastle, the Hunter Valley and along the eastern seaboard of Australia.
Operating from purpose-built 1000 sqm premises in close proximity to the majority of its clients, this business has a reputation for the highest quality work while maintaining price competitiveness in the market.
The owner has recently secured the employment of another outstanding individual to complement the excellent fabrication skills possessed by the team of permanent employees.
This person is currently undertaking part of the owner’s original role in the business by using the in-house software to provide responses to the many RFQs the business receives from its established clientele. In addition, he liaises with suppliers to obtain the materials required for each job at prices that ensure the excellent profit margins are maintained. He also has fabrication skills at par with the workshop manager, who is himself extremely skilled. His fabrication knowledge is used to communicate any ‘non-standard’ requirements for a job through to the workshop manager. His experience in previous management roles would allow him to run the business on behalf of an investor if the buyer did not want to work in the business on a day-to-day basis.
The vendor has chosen to reduce the asking price of the business from $2.2m to $1.95m to make this fantastic opportunity open to as wide a number of buyers as possible. In exchange, a paid handover of up to 3 months is required, with a proportion of this to be by way of on-site support and some by telephone support; the amount of on-site support will reduce from 4-3-2 days per week over 3 months. The vendor’s belief is that the buyer will realise that the amount of on-site support can quickly be reduced, and he is open to cutting this short if that suits a buyer. Ongoing consulting service will be available subject to the vendor’s availability.
The business does not, and never has, advertised for work, with all work coming from repeat clients or from recommendations. The business has no dependence on any one client, and the Top 10 customer list changes from year-to-year dependent upon the projects undertaken by the diverse customer base each year.
- Blue Chip Clientele
- Fully equipped and fitted 1000 sqm factory/office
- 4000 sqm site, ample room for storage, parking and expansion
- Many long-term and
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