Listings } Tabak

170517 - Every House Needs a Door - $250,000 (Plus Stock and WIP at valuation)

Location: Auckland Based. Ref #: 170517. Supplier to Auckland Building Industry

 Actually, every house needs multiple doors. Your average three bedroom house will have at least 10. As such, this is a great opportunity to get involved in the growing Auckland building sector by securing a business that offers an excellent return on investment.

This business has been operated by a husband and wife team for over 30 years. It supplies a range of pre hung door products. Their range includes exterior doors, interior door, cavity sliders, sliding doors, door hardware and mouldings. The majority of these doors are sourced from Australian manufacturers and then assembled at the company's premises.

As part of their pre hung door services the business also offers a consultation, measure and quote service, can paint and stain doors, will custom make doors and deliver assembled doors safely to their destination.

The Owners both work in the business, although neither currently works full time. Six staff members are employed, with five of these working in the factory and one being responsible for deliveries.

The business has some well known customers. However little effort has been made in recent years to grow the customer base, so this will be a significant opportunity for the new Owner.

Business Strengths:

  • Long established reputable business
  • Complete range of services related to the product
  • Smart systems and procedures
  • Competent staff
  • Recurring revenue customers
  • Substantial growth opportunities
  • Existing Owners prepared to assist with an extended handover

This business has traded consistently for a number of years. Annual revenue ranges from $1.4 million to $1.9 million with an average gross margin of 31%. The 2017 trading result saw the working owner make over $200k.

The acquisition will include three vehicles, office equipment, substantial plant and equipment, stock and work in progress.

Net Surplus: $215,000 (2017)

Contact: Brett Davis

Office: Auckland

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