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Manufacturer - Profitable and Ready for Growth

Manufacturing And Import , Trades And Services , Corporate Sales above $1m, Manufacturing And Import, Business Services

St Marys, NSW, Australia 11 Views

Asking Price $2,000,000 for 100%

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SALE OR INVESTMENT DETAILS

  • $50,000 Stock at Cost
  • $2,200,000 Gross Sales per annum
  • $750,000 Assets Included in Sale
  • $423,000 Profit (Normalised EBITDA)
  • Yes Finance Available (subject to approval)

Business Consultants

Highlights

  • Manufacturer - Profitable and Ready for Growth
  • Business fair market value is $2.9M
  • Potential to increase manufacturing output by 300% in current facility
  • The warehouse is fully equipped with nothing to spend

Executive Summary

This Sydney-based company is a manufacturer of fiberglass pools and spas since 2000. The company owns over fifty pool mould models with a replacement cost estimated to be seven figures. It sells a small number of pools to residential house owners directly. The vast majority of sales are through commercial pool installers (agents) in the NSW market with little spent on marketing.


Key Features:

  • - Business fair market value is $2.9M!
  • - Over fifty fiberglass pool and spa moulds, $3.65M manufactured in-house and $4.9M externally
  • - 2018 FY OTE = $450K EBITDA
  • - Located in the #1 pool market in the country
  • - Third Party Business Valuation Report avaiable upon request
  • - The warehouse is fully equipped with nothing to spend
  • - Potential to increase manufacturing output by 300% in current facility
  • - Great reputation and known for quick service
  • - Owns over fifty fiberglass pool and spa moulds
  • - Strong and long-term reveneue year on year
  • - Sells mainly wholesale to dealer agent accounts
  • - Wholesale is mainly all repeat business
  • - Sales: 90% wholesale; 10% retail
  • - Small number of employees

Potential:

  • - Open a maintenance division
  • - Open an installer division
  • - Develop a franchise network
  • - Sell to more local retail including opening the factory to weekend sales enquiries
  • - Expand sales channels to developers of housing estates, apartments, and other authorised pool dealers that serve major cities on the east coast of Australia
  • - Grow number of dealer, installer and wholesale accounts
  • - Improve internet presence and online marketing
  • - Implement a dedicated sales team
  • - Export fiberglass pools to high-demand market outside of Sydney
  • - Move existing manufacturing facilities further out of Sydney saving up to an estimated 66% on rent PA.


Headquartered

Greater Sydney, NSW


Market Currently Served

The majority of end clients are middle to upper-class homeowners that are serviced through authorised pool installers in the Sydney metro, NSW Regional, and Victorian markets.


Real Estate

The company owns freehold the manufacturing facility, covering 9,548m2. The property can be included in the deal if desired for $6,500,000.  The owner can provide a flexible lease including exit if desired.


Shareholder/Owner Objectives

The owner is retiring.


Additional information

Annual Rent : $300,000 - Weekly Rent : $5,769

Annual Turnover : $2,400,000 - Weekly Turnover : $46,154

Annual Ebit : $574,000 - Weekly Ebit : $11,038

Premise: New lease to be provided

Lease Option: 5 years

Total Land Area: 9548 Square Metres

Total No of Parking: 10

Parking Comments: 10 cars - Plenty of parking available on site

Franchise: No

Approximate Stock Value : $90,000

Year Established: 2000

Days Trading: 5

Staff: 4 Full Time - 3 Part Time

Staff Salaries : $330,000

Reason for Sale: Owner is retiring after many years in this business

Location: St Marys, Sydney

Business Potential: Extensive Opportunity to Grow Market Share via Wholesale Pool Agents and Direct business


For all enquiries about this business opportunity, please contact the undersigned:


Antony Dutton

Business Consultant | The ABBA Group

M: 0421 778 259 T: 02 8973 7594 E: antonyd@abbagroup.com.au


Disclaimer: 

Due to the confidential nature of the sale, images used are stock images are not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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