Industrial & Manufacturing business for sale in Gosford
- Industrial & Manufacturing
- Bs145674 Gosford NSW 2250
- $695,000 (GST na)
Sales and Installation of Architectural Glass Products - NSW
Business ID: BS145674
Est over 30 years, FY21 EBITDA $350K+
The business provides ballustrades, glass roofs/ roofing panels, shower screens and mirrors predominantly to upmarket homes on the Central Coast, North Shore and Northern Beaches of Sydney from a base on the Cental Coast.
Products are supplied directly to consumers and through a network of builders, architects, tilers and kitchen manufacturers.
-Many repeat buyers
-Easy to manage
-Current owners 13 years
-Focused business avoiding low margin work
-Long term trades qualified staff in place
-Excellent premises with showroom and workshop
-Reasonable rent $900pw
-Low level of inventory required
The owners will provide up to one month handover to assist with an introduction to key clients and to familiarise the buyer with the current operation of the business. A suitable non compete clause will be included in the contract of sale.
This is a solid business that continued to maintain steady profits despite the effects of Covid during FY20. The business has been strong for the first 10 months of FY21 and a $150K contract could be completed in the final 2 months of this FY.
Some investment in further automation (while finance is cheap) would see the cost of goods reduce and this could potentially increase Gross Margins and Net Profit significantly.
The owner does not have to come from the trade however someone with glazing or trades experience in the building sector would be an ideal purchaser for the business.
A trade acquisition could streamline some costs and immediately expand the client base.
Asking Price: The Goodwill and Assets of the business are for sale for $695,000+SAV. Stock on hand is typically held around $20K
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