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Automotive Solvent Manufacturer/Wholesaler, Cleveland QLD

Listing Id : 250483

Location : Queensland

Category : Engineering

Asking Price : 495,000

Business description

Business ID: BS9424 Profits $293K avg 2 years, Est. 30 years, Option to buy premises Opportunity to purchase the manufacturer and wholesaler of an exclusive range of automotive solvents used primarily by automotive workshops to clean engines inside and out. The products are manufactured at the premises in the bayside suburb of Cleveland, 30 km to the East of Brisbane. The products are currently sold through a network of wholesalers located throughout Australia, including majors. It is estimated the products have been used by over 3000 workshops across the country, many of whom continue to re-order, providing a steady and predictable revenue. The business is simple to run and has proven systems and processes in place. The business trades 5 days per week. BUSINESS HIGHLIGHTS -High Profit Margins -Well organised and simple to run -PEBITDA $293,000, average last 2 years (Profit to Owners) -EBITDA around $200,000 (estimated if run under management) -Well presented premises, with option to purchase Owner has been operating business for 23 years and ready for retirement. The business would benefit from a new set of eyes and ideas which could transform the business. Many potential future opportunities including the development of aerosols, broadening distribution base, dealing direct with workshops to increase margins and the option to negotiate with national retailers to have product on their shelves. The owner will provide training and introductions to the buyer for 4 weeks if required. As the owner will be retiring from business, he will be available over the next 24 months as a consultant on an hourly rate to be negotiated if required. PRICE REDUCTION: Excellent value to an astute buyer at $495,000 including plant and equipment, PLUS Stock at Value (circa $50K)

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