Business ID: XB152846
T/O $1.98M Owner Income 3-year average $383K Forecast 2025 $450K
The business was established 24 years ago and has built an outstanding reputation for providing bespoke fit-outs of cabinet joinery for every room of a home, either individually or as a whole house fit-out. These include kitchens, bathrooms, dressing rooms, vanities, wine cellars, and any bespoke requirement an owner/designer/ home builder may request.
The company offers a niche service at attractive margins, and due to the high standard of workmanship proven over time, there is a sustained level of repeat business from builders of executive homes. In addition, many projects come from referrals, where a homeowner has visited and seen the quality of fit-out provided.
The business has a full order book for 2024, and the directors have projected the owner's income to be $450,000 for this financial year. However, the price has been calculated in accord with the average of the last three years being $383K. In addition, the owner has appointed a Production Manager to oversee the technical factory operation, which will leave the new owner to concentrate on business development.
- Established 24 years
- FY2023 T/O $2.14M with profits to working owner $456,229
- Niche Market
- High Margins
- History of Profits
- Great Reputation
- Good Growth Potential
- Owner prepared to stay and manage the business, if required, on terms and for the period of time to be agreed
- Good Referrals
The owner will assist with training if required and will consider remaining on a part-time basis, if the buyer wishes, on terms to be agreed.
Asking Price: $600,000 for the assets and goodwill. Stock is not included and will be valued at cost as at the date of settlement. It is currently estimated at approx. $100,000.
Property Code: 3334
