Furniture and Household Goods
Gold Coast l QLD
Ref: 2163

Luxury Boat Supplier of Manufactured Products For Sale

Summary
Soft furnishings, curtain and blind manufacturer and installer, supplying top end luxury boat manufacturers, motor homes manufacturers and high end homes. This business for sale is located in the fastest growing area of South East Queensland.

The business manufactures high quality luxury soft furnishings and window treatments. Established in 1997 by the current owners, they offer clients a professional service from the design stage through to supply and fitting. It stocks the leading fabric in this space and, as it is a made to measure and fit service, it has little or no competition in this luxury end of the market.

For many years they have been the preferred supplier by the leaders in the Marine, Motorhome and Hotel Industry. They also offer services direct to the public.

The quality, design and experience stands out as you enter the business premises which includes the showroom that displays a sense of the expertise.

The business is managed by a person who had a similar business up north before moving. They have come from a local business supplying high rise and have a number of great contacts in the industry. This business is set for further growth with their management.

Revenue
$1,382,666
Net Profit
$471,354 after managers costs

Potential
Every year for the past 3 years the sales and profits have grown. The foundations are set and all that you need to do is continue to oversee the excellent work that the owners have done. Growth seems assured as more people are looking for leisure in luxury boats and motorhomes plus high net worth individuals want something special for their luxury homes and units. Coupled with new management this business can only grow.

Skills
General business skills.

Hours
Monday to Thursday 8.00 am – 4.00 pm. Friday 8.00 am –12.30 pm.

Lease
A five year lease is on offer with an option to purchase the building after this time or renew another five year lease.

Location
Well positioned with ease of access to major roads.

Employees
1 manager + 2 full-time + 2 permanent part-time + 1 casual (owners just oversee the business)

Reason for Sale
This business is for sale after many years of fruitful work and returns for the owners who have now decided to travel before returning to enjoy their future generations.

About the Business
This business fills a niche in the marketplace that no other one company can fill. They cater to the high end of the market place in homes, marine, motor homes and hotel industry. They have long term staff in place.

This business manufactures blinds and soft furnishings that are unique. They provide a high level of service and quality and their existing clients would find it difficult to replace this business with a similar one as they are not found in SouthEast Queensland.

Diversification into other markets has seen this business grow in the financial year of 2016, 2017 and 2018 and with management is set to grow again in 2019.

This business runs at a comfortable work load level and there is potential to increase the size of this business should a new owner want to. Or they can enjoy the profits as they are.

This business is showing a 32% return on Investment so it is priced very well for sale to an astute investor.

History
The business was started in 1997 by the current owners and over the years has built and maintained major clientele and regularly is recommended by past clients.

Sale Price
$1,350,000 + stock at value + work in progress

Price: $1,350,000 + S.A.V. question mark popup button
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Broker : Peter Gwynne
Phone: 0415 887... (click to show)
Mobile: 0415 887... (click to show)
Fax: 07 5677... (click to show)
Address:
126/1230 Gold Coast Highway
Miami, QLD, 4220


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