Ad ID: 59145

Engineer Required Business for Sale Christchurch

Engineer Required - Christchurch - Staged Purchase

Business Description

Engineer Required Business for Sale Christchurch

Background
The business generates good sales (circa 900k + GST), but is under-performing, with an absentee owner. As an owner-operated business this machine shop generated slightly fewer sales but returned a profit of $250k or thereabouts to its then working owner. The missing piece of this puzzle is “the working owner” and there may also be a part-time admin opportunity for a spouse or sibling.

Customers include other engineering firms, manufacturers, contractors etc. The plant & equipment includes  a variety of lathes & mills (including multiple CNC), saws, welders, drills, overhead crane, forklift and the relevant tools, tooling, vehicles and office equipment. The P&E has a book value of $230k.

The Buyer

This could be a first-time owner looking to take the next step and work their way into an established machine shop, or maybe someone looking for more career satisfaction that arises from successfully ensuring a business returns to running optimally and owning that process.

Business Resources

The Deal
The absentee owner is open to how any deal is structured, provided the new staff member is (or will become) fully open to purchase in the short to medium term. Options include:

 

  • Start on wages with a view to later purchase
  • Buy part now and the balance later
  • Buy the business outright now
     

The key to this transaction is finding the right buyer.
 

Sale Price: 
~$400,000 (incl. P&E)
Net Surplus: 
2016FY $129,200

2015FY $122,722

2014FY $167,157

2013FY $ 95,974

2012FY $221,581

Contact:

 

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