Are you a Business Owner?
Set up your Private Seller Account and create your listing todayGet Started Here
First time on the market in 30 odd years. Owner has reached retirement age and with regret facing the reality that the business is now ready for new ownership. Indeed, this is a business that, under new youthful and passionate ownership, could rise to greater success with a new owner with the requisite vision going into 2020.
The business is not complicated in nature and essentially is involved in the manufacturing of a range of basic metal products for which customer demand shows no signs of decline. The factory, from which the business operates, is leased and simply serves as a workshop with a basic setup in terms of machinery and storage layout which continues to successfully support the manufacturing process involved.
The year on year sales (in excess of $1 Million); the resulting gross profit percentages and the annual net profit (E.B.P.I.T.D.) are both consistent from year to year whilst showing an upwards trend. The real question is what could a new owner bring to this business to build upon this underlying financial success story?
The business is situated in the wider Wellington region, north of Wellington City itself and would likely suit someone from within that general Wairarapa area.
Whilst turnover for the year ended 31st March 2019 was in excess of $1 Million, E.B.P.I.T.D. exceeded $275,000 for that same period. It is not too difficult to envisage how successful this business could ultimately be with a new owner immersed hands-on in the business going forward. As one might expect, its customer base is well established and repeat in nature and existing staff are both well skilled and dedicated.
The asking price of $510,000 includes stock estimated to be in the order of $155,000
Disclaimer: - Please note for confidentiality purposes, this business has been listed under the Re/Max Partners office address. Further details on this business’ location will be provided on application. The content of this advertisement must be read in the context of, and in conjunction with, the Information Memorandum in order to avoid any possible misinterpretation or misunderstanding caused by confidentiality considerations, advert space limitations and / or other limiting factors or generalizations including use of generic images.
If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.Sell Your Business