The business has an excellent reputation completing high-quality work on time. The holding company has two owners that work a five-day week in the business.
One owner who owns a 90% share of the company would like to sell and retire; he coordinates the factory staff & speaks to customers and quotes with the administration staff.
The second owner, who owns a 10% share of the company and takes care of all the installation work and seeks a new business partner.
Sales average over the past 3 years was $1,995,947.89 and Average EBITDA over the past 3 years was $607,211.00 after paying owners’ wages.
The fully compliant factory is on a stand-alone site of 1022 m2 and has some of the most advanced equipment available in the industry today all in immaculate condition, including vehicles fair market value came in at $727,976.00
Factory lease term until May 2029 plus 2 x 3-year options. Rent $7,474.36 per month, which includes outgoings and GST. The owner is happy to stay on as an employee until Jan 2026 if required to ensure a smooth change of ownership.
Trading hours Monday To Friday, Closed Saturday, Sunday, all Public Holidays, up to 3 weeks over Christmas and a week at Easter.
90% of the company shares are For Sale at approximately $960,000 (cash free/ debt free) + WIP. Full comprehensive Information Memorandum available.
Excellent buying here with huge growth potential in a very strong market sector.