Marine Engineering Specialists - Manufacture, Supply and Repairs.
Marine Engineering Specialists - Manufacture, Supply and Repairs.
Industry :
Industrial/ManufacturingSub Industry :
Manufacturing/EngineeringA Sydney based and Australian owned and operated marine engineering specialists who have been serving local and International markets since 1912.
They are specialists in the manufacture, supply and repair of marine propulsion equipment & stern gear. Through a long association with the Australian marine industry, their highly experienced staff continue to produce premium quality standard and customised products with friendly personal service and advice.
As specialists in their field, this business has seen continuous growth over time as they strive to offer quality products and services and provide their customers with positive sales and after sales experiences. This has resulted in the development of strong relationships with their client base as is evidenced by the loyalty they have received over the past years and continue to receive today.
Key Features:
- Established in 1912 with a reputation for quality and reliable service.
- This business services many wholesale and retail customer groups annually.
- The owner has increased the customer base mainly through referrals - limited marketing has been done.
- 5 days per week only unless there is emergency work.
- Very stable business model with years of consistency with the current clients.
- The service is an essential speciality service needed by their commercial and independent clients.
- An established business, with clients situated throughout the Sydney region as a well as interstate.
- Concentrated client base enabling effective time management.
- Service industry that cannot be exported overseas or disrupted by the internet.
- The business provides essential marine services.
- Enormous scope for scalability if a new owner wishes to further expand services offered in other areas or regions.
- Leading supplier of propellers, shafts, couplings, rudders, and skegs.
- Owner happy to remain in consulting capacity if required.
- Annual sales $1,798,000 with a Net Profit of $475,000 AFTER OWNER WAGES.
- To negotiate the best possible result in every transaction for every client.
- To market every business listed with us with optimum efficiency and speed.
- To project every client's business and name professionally and with appropriate confidentiality in the market place, and
- To maintain effective communication with every client throughout the marketing period.
- To make the name of CORE BUSINESS BROKERS synonymous with integrity and fair dealing.
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$1,250,000
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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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