Business Sold BS141650, Melbourne, Victoria 3000
Business Category Engineering Manufacturer Furniture Manufacturer
SOLD
Description
Under Offer! Timber Door Manufacturer. Established 30 Years. Wholesale Only - Vic
Business ID: BS141650
T/O $3.9 million. Under management, Owners in retirement, business in cruise mode. Fantastic opportunity to grow the business.
The business supplies high-quality timber doors to the retail industry Australia wide. It also manufactures both solid timber joinery doors and flush panel doors to customers specifications.All select grade timber is sourced from environmentally friendly plantation mills.
By choice is strictly a wholesale business with no active marketing (no sales reps) but opportunity exists to greatly expand the business, of possible 400+ customers only sells to 140.
-The manager is willing to remain in any position new owners may require
-Many of the other skilled staff are long serving
-Modern manufacturing equipment
-Utilises sophisticated custom-designed software that can provide an instant quote
-Only two major competitors
-Is probably the largest of the smaller manufacturers in the industry.
-Has a number of suppliers not reliant on any particular one.
Normal terms of sale apply, owners would like to exit by mid-2020.
This business would ideally suit someone in a related industry selling to the same customer base. Alternatively someone looking for an opportunity to acquire a long established business with an attractive track record.
Asking Price: $500,000 plus stock and WIP
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