Business ID: XB160803
Income to working owner $200K pa (3 year average)
With 2 qualified tradesmen and two trades assistants on staff, supported by two administration staff, this business would suit a trades qualified or handyman/woman looking to be in control of their own future. However, the business would also suit a variety of other buyers including an investor.
The business has produced a very good income and a great lifestyle for the vendors. The business operates Mon Fri only and closes for a 3 week break over Xmas and New Year. No out of hours or weekend work is required.
This is the leading supplier of its type in the Nambucca Valley Shire and the 'brand' is well recognised and valued in the community.
- Customer history built over 50 years of trading
- Excellent Social Media reviews and ratings
- Experienced and reliable staff in place
- 5 Staff, 3 x FT, 1 x PT, 1 x Casual
- One owner works full time, the other 10 hrs pw
- Mon Fri only, no callouts
- Purpose-built factory and office premises
- Revenue $1.4m+ since 2022, YTD $790K
- Gross Margin 60% in FY24
- Supplier & customer terms produce strong cash flow
- $60K of assets including 4 vehicles and a forklift
- Many additional assets included at no cost to buyer
The owners will provide a 2 week handover as part of the sale and one owner would consider working for the new owner on a part-time or casual basis as required.
After 22 years of owning the business, the vendors are ready for a break but will be contactable for advice after the handover period, and may consider working for the buyer in a number of alternative roles on a part-time or casual basis after having had a good holiday.
We believe the vendors have priced the business well to help a person(s) who may be first-time business owners to enjoy the benefits of business ownership in a fantastic lifestyle location.
While the business will most likely suit a hands-on owner, it also currently offers an investor a 30% return on investment if a hands-on manager were employed. With over 50 years of successful trading already achieved, the business is recognised in the local community as the leader in its field.
Asking Price: The business is for sale for $300,000 plus Stock at Value. SAV is currently around $140K but this level can be significantly reduced without negatively affecting order fulfilment times.
Property Code: 4298
