SOLD IN 5 WEEKS
Stainless Steel Manufacturing Business located in Northern suburb of Melbourne.
Business started in 1986. With consistent growth it has been relocated twice to accommodate new equipment and increasing sales.
Vendor’s son joined the business but now wants to recommence University studies and dad has decided to retire.
The business has maintained a strong presence in the building industry and with repeat and new clients continues to grow.
Much of the work is for the dairy industry, designing stainless steel tanks, pipe work and adapting the most suitable pumps.
Additional work is for council buildings, corporate companies owning high rise buildings and commercial developers across the state.
Vendor chases “tenders” no longer. Quality of product and fair pricing has been a confidence builder for repeat clients and referrals.
The business occupies a factory space of 800m2 allowing further growth and an adjacent enclosed yard for finished product, heavy plant and vehicles.
• T/O 2017 – $2,610,000
• T/O 2016 – $2,428,000
• T/O 2015 – $2,239,000
• Projected YTD is indicating continued growth.
• Rent – $62,000 and $39,500
• Vendor owns the premises – a new lease can be negotiated
• 9 staff
• Staff come with the business