Business ID: XB147983
Has been run Under Management
This is an outstanding business with very significant opportunities for further growth already in place. Current annual revenue of $4.35M could be doubled within 12 months from the existing client base with minimal additional staff costs or other expenses being required.
The vendor's situation has meant that he has been unable to spend time in the business for the last 2 years and he has chosen to 'hold the company back' to the detriment of revenues and profits. He is also very conscious that key staff are capable of much more and that holding back the company is not in their best interests either.
- Many long-term and experienced staff in place
- Sufficient experience exists for business to be run fully under management
- B2B trade only
- Over $2.1m invested in P&E, most in last 2 years
- Leading edge technology (h/w and s/w) in use
- Business manufactures, edges and paints its own cabinets
- Significant price & quality advantage over competitors
- Recent professional asset valuation of $1.4m+
- Customer list includes many well-known brands
- $6M+ currently in quotes for new work
This is a reluctant sale (brought about by family ill health) and the vendor will provide a handover (within reason) to suit the needs of the buyer. It may be possible that after a break, the current owner may be willing to contract with the new owner(s) to assist with further Business Development etc.
The level of automation employed in the business is surpassed by very few companies in NSW, allowing it to 'pitch' for business opportunities that are well beyond the reach of many cabinet-making competitors.
Asking Price: The Goodwill and Assets of the business are available for $1.8M plus SAV (typically $100,000)
Property Code: 4124
