Listing Number: 87971-777101
Description
Summary
Significant value of assets (CNC machines etc), exceptionally well maintained. Blue chip customers. Consistent work.
Revenue
$700,000 pa
Rent
$22,000 pa
Expenses
$545,000 pa
Net Profit
$155,000 pa
Potential
The business has no website and does not advertise. There is obvious scope to promote and grow the business. The workshop and associated plant has plenty of capacity to support this growth.
Skills
This business suits someone who has an engineering / machining background
Hours
Monday-Thursday 7am-5pm
Friday 9am-3pm (office only)
Lease
Flexible terms offered by landlord
Employees
1 x Machinist / Workshop Supervisor (full-time)
1 x Trades Assist (full-time)
(1 x Owner is full-time Manager / Machinist, 1 x Owner perform the administrative functions part-time)
Reason for Sale
The Owners wish to retire
About the Business
The business commenced trading in 1999 and has operated with great success since inception.
One owner (husband) works full time in the business, maintaining and building relationships with customers, coordinating sales and overseeing the work in the workshop.
The other owner (wife) handles the administrative side of the business including Accounts, Payroll, Compliance and Office Sales.
An independent valuation of the business plant and equipment recommends in-situ value of the plant and equipment at $405K.
Quantum milling machine
Travel:
X - 1500mm
Y - 700mm
Z - 900mm
The majority of the business income comes from regular work from loyal customers (90% of Sales in FY2018 came from the top 10 customers). As part of the sale the Owners will provide a generous transition / handover to the new owner to ensure relationships are in place and that the revenue streams from current customers shifts to the new owner.
The business is an accredited supplier to GE (General Electric) which contributes to a significant portion of the sales.
Overheads are kept to a minimum with very low rent.
Listing Details
- Price: $490,000
- Down Payment: $20,000
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Location: City of Perth, Western Australia
- Inventory: $0
- FF&E: $0
- Employees:
- Reason for Selling: Retirement
- Category:
