Under Offer! Specialist Precision and Repetition Engineering Business with Corporate Clients - Melbourne
Melbourne VIC
Last asking price $3,350,000
Sold December 2022
Manufacturing, Manufacturing
Business ID: BS148385
Adjusted 2021 income to owner $1,270,000
High precision repetition engineering, welding and fabrication business situated in Melbourne. Operating since the early 1960s utilising an extensive range of the latest computerised lathes and milling machines.
The exceptional variety of plant and equipment enables small to large production runs utilising a range of raw materials to service the requirements of clients in different industry sectors.
-Long serving highly skilled engineering staff means minimal supervision required
A long history of association with mid-size corporate customers -provides excellent cash flow and minimises bad debts
-All Computerised Plant and Equipment is kept up- to-date and of the highest quality
-Some patented products and specialised equipment used in road maintenance is manufactured in-house
-Practically no ongoing sales and marketing is required as the order book is constantly full
-Modern purpose-built industrial premises centrally located, long-term lease available
Owner retiring, offers flexible change over arrangements.
This business would ideally suit a corporate investor or as an add-on to an organisation in a similar or related industry.
Asking Price $3,350,000 plus stock/raw material
Property Code: 2559