Listing status: Inactive
Reason: --
Metal and Welding Manufacture and Repairs
Metal and Welding Manufacture and Repairs
Industry :
Industrial/ManufacturingSub Industry :
Oil/GasThis is a well-established, respected manufacturer of high-quality service for metal and welding manufacture of products primarily for the Gas industry, out of mild steel, stainless steel and aluminium.The company has a proven track record and is considered to be a market leader in this industry sector.
The owner strongly believes in offering first-class service at competitive prices.
KEY FEATURES:
- Genuine reason for sale – owner wishes to retire. Extensive training and support period will be available to ensure a smooth transition and minimal disruption for an extended period.
- Sales $3,317,000 and Net Profit $$362,000 after owner's wages in FY 2023.
- Strong well-established name that is respected particularly in the gas industry by customers and competitors alike.
- Verbal agreements in place with the main suppliers - fantastic relationships endure.
- Some customers pay a deposit on placing of orders with the balance within 30 days of delivery. No Bad debts in over 20 years of operation!
- Solid and increasing revenue base can be demonstrated over many years. The business was not affected by Covid restrictions in 2020/2021 and sales continue to be extremely strong evidencing the stability of this business.
- Profitable business with sound financials and tax returns available to support the figures.
- A network of blue-chip customers account for the bulk of sales.
- Premises rented on a month-to-month basis in case a new owner does not require the lease. However, a new lease is available if required.
Premises is spacious with ample room for expansion.
- 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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$600,000
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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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