Business ID: BS154726
Market Leader in Stone Benchtop Fabrication. $1.89 Million Revenue with $504K Adjusted Profit Including Owner's Wage in FY 2023
Founded in 2005, the business has become a renowned name in the Sydney Metro area for fabricating and installing premium stone benchtops. Catering primarily to builders, joiners, and designers, this business has established a significant presence in the industry, with occasional projects extending to regional areas.
This business is not affected by new government regulations relating to stone manufacturing.
Business Highlights
- Robust Business Model: Successfully transitioned to a single-owner operation in 2016, with a dedicated team of six employees.
- Resilient and Profitable: Demonstrated remarkable stability and growth, especially notable during challenging economic times like the Covid period.
- Strong Client Base: Mainly catering to kitchen joiners, builders, and designers. The business maintains a consistent 35% gross profit margin per project, reflecting strategic financial management.
- Referral-Based Growth: Thrived on word-of-mouth referrals for 18 years, indicating a strong reputation and customer satisfaction.
- Untapped Potential: Currently operating without a sales representative, presenting a significant opportunity for growth and client acquisition for the new owner.
- Ideal for Industry Expansion: An excellent fit for current industry operators looking to broaden their product range with stone benchtops cutting.
The current owner, after dedicating 18 years to the business, is ready to hand over the reins to an ambitious successor.
This sale represents a unique opportunity to acquire a well-established, profitable business with a proven track record of 18 years and significant growth potential. Ideal for those seeking to enter or expand in the lucrative field of stone benchtop fabrication and installation.
Asking Price: $950,000 on a no cash, no debt basis, inclusive of stock and both tangible and non-tangible assets.
Property Code: 3705
