Established 50 years. Industry Leader. T/O $2.88M p.a. Owner's Income $405,000 p.a. Management Dispute, Great Turnaround Opportunity.
Business ID: XB157022
The business was started in the early 1970s and has been run as a family business for over 50 years. The company specialized in the supply of all types of polymer/plastics products for architects and designers in the construction industry and for plastic engineering machined parts for manufacturing, mining, and tooling industries. The company has ISO 9001 certification which is critical to its distribution rights from European suppliers and for government and corporate projects.
Through COVID and recently there has been a division between the owners over future policy, which has been to the detriment of the business and has resulted in the business being put up for sale.
- Established 50 years
- Niche Market
- ISO 9001
- Exclusive Distributorships
- Scalable
- Could be run Under Management
- Great Growth Potential
There is the opportunity to engage one of the existing directors to benefit from their industry knowledge and contact with the suppliers and customer base.
This is a rare opportunity for an Entrepreneurial Investor to acquire an established manufacturing business with many inherent advantages and to substantially scale this business to the next level. It would also be a good "bolt-on" to an existing industry entity.
Asking Price: $1.5M for the assets and goodwill, plus stock at cost value, estimated to be approximately $267,000.
Property Code: 3989
