Established Supplier - Construction Industry | ID: 929
$995,000 plus SAV
Somersby NSW 2250
Industrial/Manufacturing
BUSINESS FOR SALE
The vendor has embarked on a new project and has instructed us to sell his existing business.
Established in 2007, this family owned business has successfully managed the ups and downs of the construction industry.
A strategy of investing in their own high tech automated equipment to manufacture locally, combined with an effective import strategy, positions this business well in uncertain times. The business trades primarily in imported products, but has the manufacturing capacity to manufacture their own Australian made goods if required.
The business has seen a downturn in the past 18 months due to the owner becoming involved in a new, non-related venture, and only working a few hours a week in this business. The economic disruption caused by Covid 19 has exacerbated this downturn. However, with its sophisticated Numac Bending machine, that has been upgraded with robotic capability (at a cost in excess of $1 Million) the business is ideally positioned to take advantage of the post Covid building boom, with the ability to offer secure Australian made supply of much of its product range.
As the vendor is also currently the landlord, a new lease can be negotiated. Alternatively the vendor will sell the freehold in addition to the building.
This is a great opportunity to secure a great business at a reduced price.
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