Revenue in the Region of $1M FY2025 with 70% gross Margins and Net Profits est $250K after owners' wages
Business ID: XB162369
The business manufactures and supplies friction materials, friction control systems and engineering services to the majority of Australia's biggest organisations in the Mining, Lifts, Forklift businesses and most power stations across Australia.
They pride themselves on being a service-oriented company, providing customers with premium care and products sourced from world-class manufacturers at competitive prices. Their commitment to quality is evident in their use of materials with broad coefficients of friction, superior bonding and riveting processes, and flame-resistant, environmentally safe compositions. Each job is supported with comprehensive documentation, including Certificates of Currency, Material Safety Data Sheets (MSDS), and Standard Operating Procedures (SOPs).
- Current turnover approx. $1.0M pa
- Average adjusted profits to owner circa $250Kpa after owner's wages
- High margins
- History over 50 years
- Operated profitably over many years
- Strong cashflow
- Minimal bad debt history
- Reputation and name in industry
- Well-defined areas for growth
- Business is well systemised
- The business can be scaled up if required
The owners want to exit the business and transition to new owners. Two owners are flexible and willing to consider ongoing employment and an extended transition to a new owner. This will be helpful as there is a lot of industry knowledge that will need to be transferred.
There are also opportunities to undertake additional marketing and promotion as the current owners are presently relying on repeat clients, referrals and their website. Very little effort has been invested in sales and marketing in recent years.
For a new owner, there are numerous opportunities for growth, and the owners are willing to share and assist a new owner.
Asking Price: $760,000 plus stock est $100K
Property Code: 4447
