Sold! Highly Regarded Machining And Fabrication Business – Newcastle
Business Sold Newcastle, New South Wales 2300
Business Category Engineering Manufacturer Machinery Manufacturer
SOLD
Description
Sold! Highly Regarded Machining And Fabrication Business – Newcastle
Business ID: BS155920
Many long held ‘blue chip’ clients
Operating from an industrial subdivision, this business has been in operation for over 20 years. The owner is very highly regarded in the Newcastle / Hunter Valley region and is often the ‘go-to’ man when solutions to complex problems are required.
The business has an excellent reputation for the quality of the work it does and the wide range of machining and fabrication solutions it can provide for its clients.
- A who’s who list of major clients
- Contracted Supplier to Hunter Water Authority
- Preferred Supplier to Centennial Coal
- New customer engaged – add revenue $300K+pa
- Fully equipped 990sqm machine shop
- P&E Fair Market Value $284,000 Independently valued Nov 2023
The vendor simply needs a break from the demands of business management. He is quite prepared to continue to work for the new owner(s) of the business in a Consulting / Machining role.
This is a great opportunity for a company with larger labour resources to ‘tap into’ the customer and supplier contacts that the current owner has and more work can immediately be brought on board. The business is currently having to turn down some work (not for major customers), and there is no shortage of work opportunities for the business.
The vendors will provide a thorough handover as required by the purchaser. The cost of doing this has not been factored into the selling price and this will need to be negotiated with the vendors once the time requirement is known.
The business is suited to either a company looking to expand or take advantage of the IP available within the company.
The business would also suit an appropriately qualified tradesperson (s) looking for a business that is fully set up, has an active client base and has additional work opportunities available.
The purchaser of the business will need to either relocate on sale of the premises or purchase the premises at market value to continue to operate from this site. A purchase of 50-100% of the property may be available.
Asking Price: The Goodwill and Assets of the business are for sale for offers above $380,000 plus SAV.
Property Code: 3667
Many long held ‘blue chip’ clients
Operating from an industrial subdivision, this business has been in operation for over 20 years. The owner is very highly regarded in the Newcastle / Hunter Valley region and is often the ‘go-to’ man when solutions to complex problems are required.
The business has an excellent reputation for the quality of the work it does and the wide range of machining and fabrication solutions it can provide for its clients.
- A who’s who list of major clients
- Contracted Supplier to Hunter Water Authority
- Preferred Supplier to Centennial Coal
- New customer engaged – add revenue $300K+pa
- Fully equipped 990sqm machine shop
- P&E Fair Market Value $284,000 Independently valued Nov 2023
The vendor simply needs a break from the demands of business management. He is quite prepared to continue to work for the new owner(s) of the business in a Consulting / Machining role.
This is a great opportunity for a company with larger labour resources to ‘tap into’ the customer and supplier contacts that the current owner has and more work can immediately be brought on board. The business is currently having to turn down some work (not for major customers), and there is no shortage of work opportunities for the business.
The vendors will provide a thorough handover as required by the purchaser. The cost of doing this has not been factored into the selling price and this will need to be negotiated with the vendors once the time requirement is known.
The business is suited to either a company looking to expand or take advantage of the IP available within the company.
The business would also suit an appropriately qualified tradesperson (s) looking for a business that is fully set up, has an active client base and has additional work opportunities available.
The purchaser of the business will need to either relocate on sale of the premises or purchase the premises at market value to continue to operate from this site. A purchase of 50-100% of the property may be available.
Asking Price: The Goodwill and Assets of the business are for sale for offers above $380,000 plus SAV.
Property Code: 3667
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.
