T/O 2022 $34.35M Established 30 Years. Rare Machinery and ECO Factory Fit Out Provides "Barrier to Entry". Original Owner Available for Sales Management. Great Potential
Business ID: XB158684
The business commenced in 1991 specialising in interior joinery and cabinet making. Over the years the business grew to become a market leader winning multiple million-dollar projects for major construction companies, "Blue Chip' Corporates and Government Organisations. There was a change of management in 2014 that upscaled the business further with overseas projects however the business was badly affected by COVID and the recent problems faced by many construction company clients. The company's financiers have appointed Receivers and we have been instructed to seek a buyer while the business is being run under licence to complete projects.
- Established over 30 years
- Acquisition at below replacement costs
- Long Lease or Freehold fully fitted factory may be available
- ISO certification available to qualified buyer
- IP and historic data of large past projects
- Original Owner prepared to take a management role
- Finance available subject to buyer's financial standing
As this is a sale by an Administrator the business can be acquired with "a clean sheet" starting position without liabilities and at a price that reflects a quick sale.
This business would offer a great "bolt on" opportunity for an entity within the Australian construction industry to enter the interior finishing sector at well below set up costs.
Alternatively, an investment group to acquire and rebuild the business with the experience and contacts of the original owner.
Asking Price: Offers are invited over $3.0M for the assets and goodwill.
Property Code: 3982
