Here is a fantastic opportunity to acquire a well-established and highly respected engineering supplies business in Adelaide. Established in 1961, the business is involved in importing and distributing cutting tools, metrology equipment, machine tool accessories and associated equipment. The long-standing entity has a rich history of lathe and machinery supply to businesses, schools and TAFE Colleges throughout South Australia and beyond. In addition, it has interstate clients which have development potential.
The premium quality engineering products offered by the business are imported directly from manufacturers located in Germany, the USA, the UK, Japan, and Malaysia. It is a significant non-exclusive distributor for a number of well-established brands of tooling in Australia and is most recognised for its expertise in metrology equipment. It has been recently appointed as the major distributor for a renowned cutting tools business in South Australia. There is significant potential to grow this area of the business by the new owner.
The business has a large customer base, with an opportunity to expand activity. The current list of loyal clients includes machine shops, universities, technical training providers, the steel industry, manufacturers, and the defence industry. In addition, many enquiries come via the internet referred by overseas suppliers. It has excellent sales revenue, and the new owner can take it further with a fresh perspective.
Features of the Business:
- A well-recognised and reputed business
- Extensive customer base across South Australia
- High-growth potential in a thriving industry
- Established client base with scope for expansion
- Leading entity with an excellent income
- Includes goodwill, plant and equipment worth $145K
- The sale includes stock at valuation worth $200K
This is a rare opportunity to acquire a long-established and high-performing business in Adelaide. Operating in a thriving industry with several growth avenues, it is primed for growth under a farsighted owner. If you think you can take it to the next level, call us on the number given above TODAY!
