Customised Plastic Products Manufacturer Business – QLD

West Burleigh QLD
Asking Price $500,000

State of the Art Manufacturing Equipment $980k+ Adjusted PEBITDA FY 2023 $343k.

For over 30 years, this business has specialized in manufacturing customized plastic items. The owner has taken a strategic approach by positioning the business as an expert in catering to small-run needs for plastics. With a comprehensive range of machinery, including three additional machines purchased in 2022, the business is also equipped to handle larger manufacturing runs.

Currently, the workshop employs two experienced staff members and is continuously seeking to add more high-quality personnel. The business has a backlog of work from its regular clientele and services various industries, including transportation, ambulance, signage, industrial fabrication, marine plastics, and more. From design to prototype production to manufacturing small to medium runs, the business offers end-to-end services to its clients.

   -  PEBITDA over $230k between April 1st 2023 and 31st of July 2023,

   -  Business is improving,

   -  Business has been run much more efficiently since FY 23

   -  $700k worth of machinery (with 4 brand new equipment)

   -  Brand new machinery (2022)

   -  $343k in adjusted PEBITDA for FY 23

   -  Two experienced staff members

   -  + 2 relatively new Two Junior staff members (6 months)

   -  Appropriate factory size

   -  Diversified client base

   -  Important backlog of work

   -  Highly underutilised asset, capacity for much larger production runs

The business has been improving throughout FY 23 and will keep on doing so due to the following 3 factors:

   -  Owner has decided to run a much tighter ship,

   -  Floorspace has been optimised, resulting in a reduction in rent and Outgoings,

   -  The business has now four technicians, with two in training.

Terms of settlement: One month of training as part of the sale will be offered to the new owner.

This business is an ideal fit for a local plastics manufacturer seeking to diversify its clientele and expand its machinery range. It could also be a great opportunity for an interstate company looking to establish a presence on the Gold Coast.

Leveraging the existing infrastructure and capabilities of the business would provide a cost-effective means to expand operations.

Asking Price: $500,000 + Stock (currently sitting at $150k)

Property Code: 3580
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