Business ID: XB154857
Under Management - Profits $700k+
Founded in 2007-2008, this well-established business has pioneered the design and installation of custom wardrobes and storage solutions, underpinned by proprietary components patented in 2007. With dual revenue streams, the business generates over $4.5M in annual turnover, including $3.4M from wardrobe sales and installation, and $1.2M from wholesale of proprietary items. Operating with a cross-trained, skilled team, this business runs efficiently under management with minimal owner oversight. Located near Brisbane's main transport links, it is set to increase efficiency with updated CNC programming, enabling broader team participation and reducing error rates.
- Over $4.5M in annual revenue
- Profits averaging $700,000+ over three years
- Management team in place, with Junior Manager training for middle management
- Dual business structure with distinct revenue streams
- Three years remaining on patent for proprietary components
- Recognized brand and reputation for quality workmanship
- Strong online presence and effective marketing strategies
- Business premises available for purchase to ensure operational continuity
- Skilled, cross-trained young team
- $400,000+ in assets
- Transition plan with license options available
- Comprehensive systems and processes in place
- Over 840 residential & business clients
- Over 1000 wardrobes and storage solutions manufactured and installed per year
Terms of Settlement: Includes one month of training to support a smooth transition.
This opportunity is ideal for an investor aiming to leverage current steady returns with potential for growth, or for a joinery business seeking a well-integrated bolt-on acquisition. With passive income potential and expansion opportunities, this business provides flexibility for diverse buyer objectives.
Asking Price: $2,050,000 + Stock, Cash-Free Debt-Free
Property Code: 4188
