Brisbane Stone Benchtop Manufacturing & Installation Business
Brisbane Stone Benchtop Manufacturing & Installation Business
Industry :
Industrial/ManufacturingSub Industry :
Manufacturing/EngineeringEstablished for over 34 years, the company is now on the market and for sale. Manufacturing Businesses supplying the building industry are in great demand.
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.
For a full Information Memorandum, copy and paste this link to complete the confidentiality agreement - https://www.mbs-public.com/public/ca50ce49-c970-4492-9982-8f06f5d4bb16/ca
Dru
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$960,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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