Regalline Cabinets has been in business for over 50 years with the current owners continuing to grow the organisation over the past dozen years. One of the changes brought in by the current owners is productivity improvement created by technology and machinery upgrades. This has enabled the business to satisfy new long term work orders which have seen profits double in the last 2 years..
This is an ideal purchase as an add on for someone already in the building business or as a standalone investment. You can run the business yourself or have the existing team train your new manager. The flexibility is for you to choose.
Client base is both residential and commercial with a focus on kitchens or bathrooms.
A fair bit of new equipment has recently been purchased to supply the over $1 million worth of work in orders. This includes a Woodtek edgebander, reverse bevel line and a new Isuzu truck. There is another $550,000 + worth of assets included in the sale (market value).
The premises is located in the main industrial estate of Bundaberg and has a long lease in place (4 years remain). The site is a well laid out 1,200 m2 which holds the factory, display centre and offices.
The asking price is $1,350,000 plus SAV of about $100,000 and WIP also of about $100,000.
Contact Peter Bender at Bundaberg Commercial on 0421 253 771 for a confidential discussion.
Disclaimer:
The information contained herein has been obtained directly from the seller and other sources but cannot be guaranteed as accurate. Clients are advised to verify any information through normal due diligence.
