Manufacturer with Recurring Income and Real Growth Potential
From small beginnings over 50 years ago, this business has grown organically to become one of Queensland’s leading manufacturers/suppliers of Billard and Pool tables together with bespoke furniture primarily for the bedroom. Supplying commercial and residential markets, the business enjoys an independent revenue stream of recurring income in the region of $200kpa. Tables are placed in 35 hotels with tap and pay electronics.
Within the sale price of $445,000 includes stock of approximately $250K
The premises, from which they have operated from since 2000, is approximately 234sqm plus a substantial mezzanine. The combination of experienced, long-term employees, a fully equipped factory and proven suppliers for outsourcing componentry has ensured the business is nimble enough to take advantage of changing market conditions and trends.
With an average annual turnover of $400k and a minimum of $300k of assets this business has consistently provided the owner with a comfortable lifestyle.
Justifiably proud of what he has achieved but ready to retire, the 80-year-old owner recognises that the business needs an energetic, social media savvy owner to deliver on its real, demonstrable growth potential. Potential that can be achieved with minimal financial investment just updating its online presence, harnessing the marketing power of social media and leveraging its enviable reputation.
The vendor is flexible on what the handover would look like and is committed to a successful transition to the new owner making this a great opportunity to be your own boss or an extension of an existing business.
$445k WIWO – includes approximately $250k of stock.
Eamonn Bicknell: xxxxx
