Sold! Antennas Manufacturing And Wholesale Business - Sydney

Business ID: XB156364

Profit to Owner expected to exceed $800K for 2024 FY

The business was first established in 1992. This business is a design, manufacturing and assembly business offering antenna solutions to a wide range of industries and uses.

They use their design capabilities to supply industrial antennas for Airports, Farming, Traffic Control, Marine, 4WD, and Fire Maintenance. They continue to work on new product development and make technology improvements to their current range.

In recent years the owner has successfully developed new overseas markets for their product including Slovenia, Malaysia, USA, India and New Zealand.

- 30 years history

- 5 day a week business

- Full Year Sales 2024 forecast is $1,740,000 based on annualised year-to-date

- On a growth path with over 60% growth this year

- Gross margins circa 70% (2023)

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- Systems and procedures in place

- Long-standing clients

- Mostly repeat customers

- Opportunity for further marketing and promotion

- Opportunities for further product innovation

As required, the current owner will assist with a smooth transition of the business and is negotiable in respect of a handover period past the generally expected 4 weeks.

This is a solid, well-run operation that operates during normal business hours. There is an opportunity for a new business owner to build on these already solid foundations and seek further expansion by both increasing the product range and seeking new clients.

This business is sure to attract interest from both investors and businesses operating in the same industry.

Asking Price: $1,500,000 plus SAV

Property Code: 3986