- Advert ID: 301320
Toolmaking and Precision Engineering Business For Sale
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Summary
- Asking price:
- $275,000
- Sales revenue:
- $550,000
- Net profit:
- $105,000
- Years established:
- The Business has been established for 30 years
- Employees:
- The Business employs 6 full time employees which gives it the ability to be able to carry out the manufacture of plastic and die cast dies from the design to the finished product..The Business also employs a part-time Bookkeeper, and uses the Sybiz Accounting package.
Business description
A soundly based Engineering Business located in a prominent light industrial area in Melbourne's southern suburbs, is offered for sale as a going concern. The Business has been operating for 30 years & has a strong client base in repairing & manufacturing specialised tooling for the plastics & automotive industry. The Business operates from a modern factory, & is equipped with the latest technology lathes, surface grinders & CNC mills. The design office employs the latest CAD technology & provides vital support to the company's manufacturing capability.
The Business is highly profitable, & in the absence of a succession plan or a family member to carry on the Business, the current owner would be willing to sell down progressively or stay on for an agreed period of time, in the event of a buyer wishing to purchase the entire business.
Ideally the Business would suit an interstate buyer already servicing the precision tooling business, who wishes to expand into Victoria as a branch office. As the Business is self contained, it would also lend itself to be picked up as an In House Tool Room for a large plastic injection moulding operation.
Property information
- Real Estate:
- Lease
- Lease terms:
- Long term Lease on very favourable terms with stable landlord
- Location:
- Prominent light industrial area in Melbourne's southern suburbs, in the heartland of it's customer base.
Other information
- Expansion potential:
- Extensive experience not only in the plastics industry, but also in the die casting industry.
- Competition / Market:
- The Business has created a niche in the quality repair market as well as the latest technology in design of new tooling.
- Support & training:
- The owner,after 40 years in the industry now wishes to retire to pursue other business interests, but is prepared to assist the new owner with quoting & design after settlement at a negotiated contracted rate.
- Reasons for selling:
- As there is no family member to pass the Business on to, & the owner wishes to retire to pursue other business interests.
- Trading hours:
- The hours of operation are Monday to Thursday, 7.00am - 5.30pm, and Friday 7.00am - 1.30pm. There is also plenty of opportunities for Saturday morning overtime.
- Furniture / Fixtures value:
- $175,000
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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