Award Winning Kitchen Manufacturer With Showrooms – Melbourne

Business For Sale BS147419, Melbourne, Victoria 3000

Business Category Building and Construction Lawn Mowing



Award Winning Kitchen Manufacturer With Showrooms – Melbourne

Business ID: BS147419

Gross Margin over 40% with Owner's Profit between $480k to $520k

This long-standing, award-winning kitchen manufacturer business has a factory and 2 showrooms with a team of experienced staff offering kitchen design, sales, manufacture, and installation across metropolitan Melbourne. Its clients are generally domestic clients and renovators drawn from the local area and its surroundings. The target market is the middle to upper-end in terms of product range and price.

The strengths of this business lie in:

-Business has a successful trading history of over 30 years with a reputation for quality workmanship.
-Turnover of between $2.5 to $3.6 m for FY2020 and Fy2021
-Profit to working owner of between $480k to $580k
-Strong gross margin of approximately 45%
-Strong forward booking to be included as part of the sale
-Majority of clients are from word-of-mouth and online marketing
-Has 2 highly visible and well-placed showrooms in prime locations
-Long-term, loyal employees with good processes in place
-Day-to-day factory operations are taken care of by a full-time Factory Manager
-Long-held relationships with suppliers and contractors
-Custom-built software to manage the operations
-Operating 6-day per week
-Transition and training to be provided to the new owner

The owner is responsible for overseeing the day to day operation and is ready to scale back from the business. He will offer a suitable transition period to ensure a smooth takeover by the new owner.

With an established customer base and experienced staff handling much of the day-to-day operation, this business will be suitable for:

-An individual with commercial experience seeks a business that allows them to take the lead of the team and management of the business.
-A “hands-on” investor seeking an established business with a strong history with the potential to grow.
-A “bolt-on” to an existing business operating within the building/trades that can benefit from offering kitchens/bathrooms renovation and refurbishment, and access to a portfolio of quality clients.

Asking price: $1.3 million-plus stock
Contact Seller
Xcllusive Business Sales

Bsale ID: 563807
Broker REF: 6720710

Xcllusive Business Sales Pty Ltd
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