Niche Manufacturing Opportunity
Plant Investment Allows for Significant Growth
$3,490,588 - Auckland
This business has invested heavily in quality plant and machinery, thereby setting it up for future growth. We previously sold another manufacturer in this sector that had almost doubled its turnover in four years, as a result of similar levels of investment.
In business for 20 years
High end, quality product in strong demand
Solid revenue growth and financial performance
Good reputation and levels of repeat business
Around $550,000 of forward orders
Broad client base (top two clients in 2016/17 made up 10% and 4% of sales)
Highly systemised production processes, relatively simple to manage
Skilled and experienced staff, including an experienced Factory Manager
Mainly a Monday to Friday operation for the owner
Modern plant, around $1.3m invested
Minimal capital investment required over the next 3 - 4 years
Price includes $807,000 of stock and $615,000 of fixed assets at net book value
Could be run by a working owner or a General Manager
Ability to further grow customer base through simple marketing activities.
The business will suit someone with good operational and financial management skills, rather than specific technical skills. The owner is supported by an experienced Factory Manager, and is not normally involved in production on a day to day basis. The owner is happy to provide an extended handover if required.
Net Surplus $872,647 y/e 31 March 2017 EBITDA