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Price Reduced By $100,000 Owner Must Retire Now For Sale

Waitakere City, Auckland
Asking Price:
$425,000 (NZD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,000,000 (NZD)
Cash Flow:
$250,000 (NZD)

Already a very successful business with an established repeat customer base and historical financial accounts to evidence the fact that for the last 5 years or more the sales, as well as the resulting profitability, reflect not only an underlying "financial stability", which will give the new owner a level of comfort from day 1 in terms of the security of his investment, but also displays good growth potential as the business continues to grow year on year.

The current owner who has 'past retirement age' is keen to ensure a smooth transition of ownership. Nevertheless, it is clear that someone with youthful enthusiasm, mental and physical drive can take this business to new heights.

The business has great staff who work 5 + days a week depending upon demand although the owner, usually works at most 5 days a week. Good location - not too far out West, the business has been going more than 40 + years and is in the process of developing its own product (s) with patent (s) in progress and the current owner will assist with the finalisation with that development if that would help a new owner. Some finance may be available if required.

Showing a profit of in excess of $180,000, what sort of annual return on investment is that? Would it take 2 years or less to recover your original investment? However it is expected that the profit for the next financial year will rise to around $250,000 per annum.

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.

Property information

Real Estate:

Lease

Lease Terms:

6 years with ROR

Leasehold Rent:

$75,000 (NZD) per annum

Location:

Nothing special about the location - just situated around a quiet industrial area.

Premises Details:

Large sized premises - able to cater for expansion.

Business Operation

Expansion Potential:

Opportunity to expand with existing services through marketing or through new product in the production pipeline.

Reasons for selling:

Retirement, but vendor will be around to assist if need be.

Trading hours:

Normally 5 days per week

Employees:
5 Full Time plus Part Time Office Lady
Years established:
40 plus years

Other Information

Support & training:

All the necessary and desired support and assistance required will be provided by the vendor. Open to discussion re same.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Would depend upon who the purchaser was!

Furniture / Fixtures value:
$100,000 (NZD) - included in the asking price
Inventory / Stock value:
$10,000 (NZD) - included in the asking price
Website:
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