Manufacturer of Granite, Marble, Sandstone and Limestone Products For Sale

Business description

This business has for the past 25 years has supplied and installed a complete range of natural products using the finest granite, marble, sandstone and limestone. Adopting a combination of traditional handcrafted techniques and advanced CAD/CAM (computer aided design/computer aided manufacturing) technology to produce exclusive but affordable designs for:-
• kitchen bench tops
• bathroom vanities
• tabletops
• shower bases
• walls and flooring
• pool and spa surrounds
• stairs and fireplaces
It services city, country and suburban premises, apartments and homes to give the lasting quality that only stone based materials are able to provide.
Recent acquisition of state of the art machinery provided the impetus for the outstanding and continuing growth in income and profits generated over the past twelve months.
Apart from normal orders, Glenwood Stone has additional quotations to submit to one of Australia's leading multi-disciplined construction and services companies, in the order of $2,000,000. Contracts are being finalised at present with two building companies, each with 800 homes for progressive construction. Negotiations are also underway with another company constructing 70 high-rise units in Brisbane.
This business is now ranked as the third largest supplier of quality stone in Queensland.
The managing director has travelled to numerous overseas countries over many years sourcing product, suppliers, latest machinery and gaining technical expertise attending trade fairs and exhibitions, which collectively as result, is second to none in Australasia. These disciplines are clearly reflected both in the high performance and standing of the business and its exceptional prospects.
Much of the income is derived from high rise building developments as well as other sources. The opportunity for a new owner is to expand further into the lucrative domestic market where renovations are also an expanding avenue. This will require only a commissioned salesman who should conservatively bring in at least 10 private kitchens and bathrooms per week. The managing director is to retire upon sale of this business and over recent years has not had the motivation to expand into areas such as these.
The managing director is prepared to stay on in a retained advisory capacity for an agreed term if an incoming buyer so desires.

Property information

Real Estate:

Lease

Lease terms:

Last day of the existing term: 30 September 2009
Current rent: $2,454.83 per month GST included
Option period: 3 years

Other information

Trading hours:

Mon to Fri 6 am to 3 pm

Furniture / Fixtures value:

$720,000 (included in the asking price)

Inventory / Stock value:

$80,000