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Glass and Glazing Business " Central Coast, NSW

Listing Id : 302230

Location : New South Wales - GOSFORD

Category : Manufacturing and Industrial, Building and Construction, Engineering

Asking Price : 770,000

Business description

Business ID: BS145674 Est over 30 years, Average income to working owner $240K+ pa The business provides frameless and architectural glass in the form of shower screens, door systems, mirrors, glass walls, glass roof panels and balustrades predominantly to upmarket homes on the Central Coast, North Shore and Northern Beaches of Sydney from a base on the Central Coast. Products are supplied directly to consumers and through a network of builders, architects, tilers and kitchen manufacturers. -Many repeat buyers -Easy to manage -Current owners 13 years -Focused business avoiding low margin work -Long term trades qualified staff in place -Excellent premises with showroom and workshop -Reasonable rent $900pw -Low level of inventory required The owners will provide up to one month’s handover. A (refundable) 10% deposit is required prior to Due Diligence with the balance due at Settlement. This is a solid business that continued to maintain steady profits despite the effects of Covid during FY20. The business has been strong for the first 8 months of FY21. Some investment in further automation (while finance is cheap) would see the cost of goods reduce and this could potentially increase Gross Margins and Net Profit significantly. The owner does not have to come from the trade however someone with glazing or trades experience in the building sector would be an ideal purchaser for the business. A trade acquisition could streamline some costs and immediately expand the client base. Asking Price: The Goodwill and Assets of the business are for sale for $770,000+SAV. Stock on hand is typically held around $20K

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