UNDER OFFER - Wholesale Manufacturer and Knitting Mill – Somerton Park, SA

Business ID: XB154499

TURNOVER: $1.7M - $1.8M - LIMITED COMPETITION – NO SKILLS REQUIRED

This is a rare opportunity to buy a highly profitable, tightly held family business – established by the current owners in 1994.

Boasting strong ongoing relationships with its Australia-wide wholesale client base, the business enjoys an excellent cash flow - without overdrafts or additional financial assistance.

With limited competition in SA and Australia, the owners take a healthy income.

·      Well established business with multiple years of trading history available

·      Manufactures knitted products such as fabrics, socks, cheesecloth, rugby tops, school jumpers, cricket jumpers, vests and trims

·      Australian agent for Mahaluxmi yarn and fleecy fabrics

·      Excellent set up with nothing to spend – walk in and make money from Day 1

·      Short lead times and flexible order sizes keeps the business competitive and superior to other suppliers and overseas markets

·      Plant and equipment valued at $570,000 included in the sale

·      All equipment is well maintained and is in excellent condition - no big ongoing maintenance costs

·      Prime location in Somerton Park industrial precinct – Easy access and plenty of off-street parking

·      200amps power supply to building + 120 solar panels to reduce costs

·      Nil marketing as the business supplies wholesalers not the public

·      No prior knowledge or skills required – 6-12 months’ training available plus ongoing guidance and long-term support

·      Perfect for an existing company - or enthusiastic young couple / partnership

New owners could increase revenue through advertising or hiring a salesperson.

Potential to boost online presence / sales – and establish direct customer relationships to increase profitability and margins.

PRICE BY ENQUIRY

Property Code: 4064