Under Offer! Window Furnishings Manufacturer Business – Gosford Area
GOSFORD NSW
Last asking price $1,600,000
Sold October 2022
General Retail, Manufacturing, Personal Services
Business ID: BS146681
Under Management - HY Accounts forecast $600K to owners for FY22. 40%+ ROI under management
This fantastic and extremely well-managed business is the leader in its local market as a result of its expertise, high quality products, technical abilities and it’s customer-centric attitude to sales and service.
Boasting 4.9-star customer reviews on Google, the business has a large database of existing customers that stretch from North Sydney to Newcastle.
The business is able to charge premium prices for its products due to its strong local reputation and access to competitively priced supplies.
-Local Market Leader
-Very experienced staff
-General Manger, Installation Manager and Factory Manager in place
-Significant income for working owners
-Impressive retail, factory and office premises
-Very well managed including regular KPI reviews
-Premium quality products
-Key supplier relationships in place
-Largest ever sales pipeline in place $700,000+
-On target for $4m+ revenue FY22
-18% increase on FY21
-Plan available to grow revenue to $10m – $15m revenue from existing premises
With very experienced staff and documented processes in place, the owners believe that a transition to new ownership could be undertaken in 4 – 6 weeks. The owners are committed to a successful transition and would provide a longer period if required or consult to the business on occasion if required. The owners are planning to retire from business.
This business is worthy of anyone’s consideration (with the budget to buy). It can continue to be run under management or is suited to a wide variety of purchasers from people with a relevant trades background to people with experience in Sales and Marketing or Customer Service.
Asking Price: The Goodwill and Assets of the business are for sale for $1.6M as a going concern. Stock on hand will be charged separately and this currently has a value of around $90K. The purchaser also has the opportunity to purchase the freehold of the premises for $2M if required.