Opportunities

Return to all opportunities

Niche Stainless Steel Fabrication

Top of the South; Genuine Reason for Sale, Large National Clients, Supplier Arrangements in Place

$Expressions of Interest - Christchurch

#L001679

detail

The Business

This business was established over 20 years ago and provides design, engineering and fabrication to some of NZ's most well-known food companies. Work involves regular maintenance, small projects and large, one-off projects.

Due to health reasons the owner has decided to move on and pursue other interests. He is available for an extended handover to the new owner.

Key Points

  • Multiple revenue streams
  • Specialists in their industry
  • Profits consistently above industry benchmarks
  • Has produced profits of over $900k to the working owner in some years
  • Supplier agreements in place with some key clients
  • Currently responding to strong and diverse level of customer enquiry
  • Good forward work program over winter
  • Exclusive NZ International agency - wine, brewing & distilling focus
  • Opportunities for growth
  • Has developed Unique Product IP
  • Great premises - options to lease, buy or move
  • Well respected and reputable within the industry and region

The Buyer

This business would suit an engineer looking to relocate to the Nelson District and take on the key relationships and multiple opportunities that come with this business. It would also suit an existing engineering business who would gain access as a key supplier to some of NZ's key corporate players.

Net Surplus $385,000 EBPITD 2025FY (expected result)

                      $515,389 EBPITD 2024FY

                      $985,129 EBPITD 2023FY

Contact: Sam Cherry
Office: Christchurch

Confidentiality Agreement for Business Reference L001679, Broker Name Sam Cherry

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Limited (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above, I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party;
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. I acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office;
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Limited (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach;
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.
  11. Privity: For the purposes of Part 2, Subpart 1 of the Contract and Commercial Law Act 2017, the parties acknowledge and agree that the agreements and undertakings given by the recipient in this Confidentiality Agreement are given for the benefit of the Vendor and its related companies and representatives, and are enforceable at the suit of all or any of them.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
Mandatory Fields*