Manufacturing, Niche Market, High Barriers 2 Entry For Sale

BusinessSale ID# 319779
Office Ref#
Location:   Auckland, Auckland
Category:  Manufacturing

Financials

Asking Price: $1,550,000

Business for Sale Summary

This Iconic North Shore based engineering business has been working in its current field since 1972. The business manufactures unique products for a niche market with high barriers to entry and are chosen preferred suppliers to their long standing, well established customer base.

The current Managing Director does not have an engineering background; he is 'hands off' in the fabrication side of the business with his role primarily Sales & Operations focused. This business may appeal to someone who loves the idea of working with the design team to create new industry solutions & grow the product offering. Although not essential, someone with a mechanical engineering, fabrication, or other practical background would no doubt find this business very interesting.

The experienced design, fabrication and assembly team in place are well recognised for their reliable performance & service and are highly regarded by the long standing customer base. With well-established systems and processes, this business offers a practical type of person the freedom of owning their own business.

There are a number of very real opportunities ahead of this business including offshore market expansion as well as demand for product development as the industry the business serves evolves.

2 year average annual cash surplus $450K plus and with recent improvements in efficiency and substantial forward orders this year cash surplus is set to exceed $500K to a working owner.

Asking Price: $1,550,000 includes Stock and Plant.

If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BBS2181 , register your details and submit the online Confidentiality Agreement. Once Paul receives your expression of interest he will be in touch.

Please note: Working owners returns are based on EBPIDT.
* Source information - supplied by the Vendor or the Vendors Agent(s).
Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2017.

Property/Location

Real Estate: Real Property

Other Information

Website: www.barkerbusiness.co.nz

Contact Seller

Mention you viewed this ad on BusinessSale.co.nz

Paul Moulton
Barker Business Brokerage Ltd
09 448 0759
027 478 7652

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