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Summary
Leading manufacturer of made to measure product that is used in renovations, new home market and school and other government buildings. Established in 2002 and sailed through the pandemic and is powering with bigger sales and profits for this financial year. Sells to trade only, however a real opportunity exists to expand into the DIY market as well. Mechanised and efficient manufacturing operation with experienced staff. Very tidy operation and an inspection will not disappoint.
Revenue
$3,604,000
Net Profit
$699,625
Potential
As earlier stated, the DIY market is the natural progression, and this has not been tapped in the past for reasons that will be explained after signing appropriate Non-Disclosure documentation.
Skills
As it is fully managed, no skill required however some team management and a manufacturing background, whilst not essential, would be an advantage. Someone with logistics experience would also suit. Experience in the DIY market would also be helpful for growing the business.
Hours
Monday – Thursday 7pm to 4pm.
Friday 7am until 2pm.
Saturday if needed.
Owner does not work Friday and is not hands on in the business only calling in to say hello to the team.
Lease
A new long-term lease is available on commercial terms.
Location
South West Brisbane
Employees
20 staff
Reason for Sale
Owner transitioning to retirement.
About the Business
The Business started as an opportunity arising out of an existing manufacturing company in 2002. The Business has subsequently grown to be a standalone company and has been operating as such since in or around 2012 in the existing profitable manufacturing business.
The business supplies flat panel products to the cabinet making and shop-fitting industries. Industry participants can order or select products directly from the website.
The business is a wholesale operation so that it does not compete with its customers and it does not deal directly with the public.
The Business uses certain core products and services in its operations, the Trademarks for this IP have been registered in certain cases and is included in the sale.
The manufacturing is well automated with original equipment costs of more than $1.3 million.
History
Well established brand since 2002.
Sale Price
$1,750,000 + SAV (around $130,000)