Ad ID: 79356

Engineering Business for Sale Auckland

Previous profitability well above current levels. Turnaround opportunity.

Location:
Asking:
$487,718

Business for Sale Description

Engineering Business for Sale Auckland

The opportunity

This business was formed 40 years ago. It has previously turned over in excess of $2 million pa, and produced profits to a working owner of between $350,000 and $450,000.

The owners recently embarked on an unrelated new business venture. This has taken time and focus away from this business, with a resulting reduction in profits. The owners have reluctantly decided to sell the business, so as to develop their new venture. This presents a significant opportunity for a new owner to regrow the business. A new, high margin product has recently been developed which should assist in this regard.

Business strengths

  • In business for 40 years
  • Niche product offering
  • Good corporate client base, including several ‘blue chip’ companies
  • High levels of repeat business
  • New high margin product shows strong growth prospects
  • Experienced and skilled staff
  • Owners not typically ‘on the tools’
  • Mainly a Monday to Friday operation
  • Upfront deposits assist with cashflow
  • Extensive plant

The buyer

The business will suit someone with good sales and general management skills. Some experience of engineering/manufacturing processes will also be beneficial.

Net surplus: $177,352 projected year ended 31 March 2019 ($404,917 average two years to March 2017) EBPITD - Earnings Before Proprietor, Interest, Tax and Depreciation

If you are interested in this business and would like more information, then you will need to sign a Confidentiality Agreement.  Please click on the link below and then click on the link at the bottom of the page.

https://tabak.ongoing.co.nz/opportunity/engineering---turnaround-opportunity

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Tabak Limited (Tauranga)
For more info
Contact:

Jonathan Barrett

09 306 8634 or 021 538 194
Business hours
Phone: Jonathan Barrett 09 306 ... or 021 538 194
Tabak Business Sales (Tauranga)
Licensed REAA 2008
Broker Ref: 230119

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