Ad ID: 79356 Inactive

Engineering Business for Sale North Shore Auckland

In business for 40 years

Location:
Asking:
$487,718

Business for Sale Description

Engineering Business for Sale North Shore Auckland

The opportunity

This business was formed 40 years ago. It has previously turned over close to $2.5 million per annum and produced profits to a working owner of between $365,000 and $460,000.

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 various large corporates 
  • 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: $167,538 projected year ended 31 March 2019 ($414,505 average two years to March 2017) EBPITD - Earnings Before Proprietor, Interest, Tax and Depreciation

Further information

For further information please go to https://tabak.co.nz/opportunity/manufacturing-and-installation

and click on the link headed 'Find out More' to complete the confidentiality agreement.

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