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PRICED REDUCED - Well Established Engineering | Manufacturing Brisbane

Listing Id : 271613

Location : Queensland

Category : Engineering

Asking Price : $230,000

Business description

NOW OFFERED at $230k + SAV This family owned and operated business that has been trading for 38 years in the mechanical equipment manufacturing, sales and service industry.The owner has been involved over the years in the design, development, exclusive manufacture and service of a number of mechanical items of equipment that are retailed in Australia and also shipped to a number of overseas markets. In addition to these exclusive products, the business also provides a sales and service agency for other equipment in the same market, as well as servicing and spare parts for other generic equipment.The business has 'evolved' over the years to become a trusted and well-known name in the industry. Interested parties that have an appreciation for, or understanding of, mechanical manufacturing would be well suited to this operation, which is backed by a team of 5 full and part time employees who display passion for the business, and have a desire to continue their employment. Prospective buyers with an interest in marketing/business development would also do very well in this business - given that intimate knowledge of the manufacture and service of the equipment is well resourced by current 'back of house' employees, and a full time sales rep. Whilst printed marketing material is readily available, the business would greatly benefit in todays market from the introduction of on-line and social media marketing. The operation is well supported by a comprehensive range of plant and equipment including a forklift, lathes, welding machines etc, as well as two well-serviced 1 tonne vehicles.Front of house is comprehensively fitted out as an office and showroom with a mezzanine floor above.The owner is looking in the short term to semi retire, with a longer view towards full retirement over the next few years, and is therefore willing to make himself available to the business 2 days per week to transition the new owner across all facets of the operation, and thereafter to generally provide support as required. The business operates from a semi industrial unit in Brisbane's bay side. The unit is owned by the business owner, and is offered back to the new owner on favourable lease terms that reflect current lease costs to the current operation.Only two manufacturers currently support the Australian market. The other manufacturer operates in Victoria, and the relationship between the two is more akin to one of support to each other as opposed to one of aggressive competition. The business will satisfy a prospective owner/operator looking to immediately receive remuneration in the order of $150k plus fringe benefits for this 5-day operation.The listing is well supported by a clean and comprehensive set of financials. Interested parties will be required to agree to confidentiality terms and if further interested are welcome to inspect the business and beneficially discuss more comprehensive details with the owner.Exclusive listing.KEY POINTS:Equipment manufacturing, service and sales.Exclusive products.5 days per week.Solid trading history.Long lease on favourable terms.Employees wishing to remain in the businessThe current owner offers transitional support on part time basisFully self-contained premises with office, kitchenette, and toiletBrisbane bay sideFully establishedBusiness will benefit from electronic marketingStock levels - $100k - $150kComprehensive plant and equipment2 fully serviced, well maintained vehiclesSteady tradingNiche market with high barrier to entry. For further details relating to this business...Contact Steve Ellis**** **** Network Infinity

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