Andergrove, Queensland 4740
$3,000,000
Key Features
AI generated. Contact seller to confirm.
- Specialises in custom Tungsten Carbide and PDC drill bits
- Supplies underground mining, oil and gas sectors
- Loyal recurring customer base with low churn rate
- Leading, established position in a niche market
- Effective cost management enabling high margins
- Sale includes 2.9-hectare lifestyle property and training
- Turnover: Not disclosed
- Net Profit: $647,000
- Rent/Lease: Not disclosed
- Stock Value: Not disclosed
- Established: Not disclosed
Business Details
Business Category Engineering Manufacturer Machinery Manufacturer
Business ID: XB165848
EBITDA FY2025 $647,000
The business provides high-quality underground mining consumables to mining, oil and gas exploration, and related sectors. The business specialises in providing custom-made, high-quality Tungsten Carbide and Polycrystalline Diamond Compact (PDC) drill bits necessary at the development stage of Coal and Hard Rock underground mining operations, with required quantities and sizes made to order.
- Loyal, recurring customer base with low churn rate.
- Strong brand equity, industry recognition, and positive public image.
- Clear differentiation through products, service and pricing that meets unique customer needs.
- Leading and established position in a niche market.
- High-quality products and service with a strong track record of customer satisfaction.
- Reliable supplier relationships, favourable contracts, and efficient inventory management.
- Effective cost management practices allow for high margins and profitability.
Terms of settlement: The current owners will provide comprehensive training in all operational processes, including an introduction to key clients and suppliers.
This is a simple, well-structured business that is easy to run and offers solid—potentially exceptional—income, all while enjoying life on a spacious and picturesque property.
Currently run 3 days a week – approx. 14 hours.
Asking Price: $3,000,000 inclusive of business and 2.9-hectare property
Property Code: 4685
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