Under Offer! Highly Profitable Joinery Business – Central Coast, Nsw

Business ID: XB161768

Revenue $5M, Operating Profit $1.2M- $1.5M

Established in 1999 by two of the current owners, the business has never failed to make less than an excellent operating profit, which peaked at $1.5m in 2022, fuelled by the most recent building boom. With interest rates beginning to fall again, an increasing housing shortage and the fact that more and more homes are being built as 2 or 3 storeys, the outlook looks very strong for continued success.

The business has a very broad customer base with no single customer providing more than 6.5% of revenue, and that one account provides around 3% of the products manufactured.

With one owner (Sales Manager) wishing to remain with the business, a very broad customer base and significant profit margins, this business presents as a low-risk opportunity for a buyer

- 160+ years of staff experience with the business

- Central Coast and Sydney locations

- Additional production capacity in the current setup

- Excellent factory setup with fully maintained equipment

- No additional equipment required

- 2 owners retiring

- Non-compete included in contract of sale

The exiting vendors will provide up to 4 weeks of handover included with the sale, and this is thought to be more than sufficient with one owner willing to continue working and the experience existing within the staff. A longer period can be negotiated, but it is expected that the buyer will want to stamp his own personality on the business.

This is a wonderful business, built carefully over a long period of time with a total focus on quality manufacturing and the delivery of a great experience for the customers.

Asking Price: The Goodwill and Assets of the business are for sale for $4,300,000 plus SAV. Stock approx $200,000.

Property Code: 4502