Outstanding Cabinet Manufacturing Business – Cairns

Business For Sale BS149494, Cairns City, Queensland 4870

Business Category Building and Construction Engineering Manufacturer Furniture Manufacturer

$520,000

Description

Outstanding Cabinet Manufacturing Business – Cairns

Business ID: BS149494

$340K+ Quality Assets, Income to working owner $380K


Employing 9 staff, including 5 tradespeople, this business located in Cairns is available for sale for the first time in 19 years, with the owner wishing to retire.

The business has an outstanding reputation with its customers and suppliers as a result of quality workmanship, excellent customer service, and for paying suppliers on time, every time.

As a result, the business has excellent trading terms with its suppliers and perfoms work on behalf of many of the region’s major builders.

The owner has been prepared to reinvest in quality equipment necessary to grow the business to this size and work is also performed on behalf of smaller companies who do not have this equipment.

-FY22 Revenue on track for $2m+
-Own brand wardrobes introduced late FY21
-Overall Gross Margin now 55%
-3-year average income to working owner $300K+
-ROI for Investor approx 37%
-Great relationships with staff, suppliers & customers
-High quality, well-maintained equipment included
-Excellent factory, showroom and office facility with room for growth
-Fair rent and terms will be offered to purchaser

The owner will provide up to 4 weeks handover as part of the sale. While he wishes to retire overseas he will contract with the new owner for a longer period if required. The terms of this contract will be discussed with serious buyers during the sales process.

With the business being well known to all builders in the area and with work booming, the future looks very healthy for the business and the region. The recent introduction of its range of ‘own brand’ wardrobes has attracted new customers and provided the business with a new product to supply to both retail and trade customers. Margins are strong in this new product and have helped raise the overall margin achieved.

Asking Price: The goodwill and the assets of the business are for sale for $520,000 plus SAV. SAV will include Work In Progress and it is estimated that the value of stock and WIP is in the region of $100,000 at any point in time.
Contact Seller
Xcllusive Business Sales

Bsale ID: 580340
Broker REF: 7014337

Xcllusive Business Sales Pty Ltd
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