Manufacturer Business for Sale
Joinery; Multiple Revenue Streams; Qualified Staff; Lifestyle Location
$995,000 - Christchurch
The Business
This is an opportunity to take over an established profitable and proven business, with a creditable history and a reputation for bespoke excellence in both product and installation. The business services the regional South Island including Christchurch clients. With a comprehensive mix of new builds, renovations, garage and other doors, and cabinetry the business has a wide range of revenue streams, albeit around 65% of sales are kitchens.
Annual sales are around $2.5m +GST per annum, and the business has $700k of confirmed forward work and continuing enquiries through very strong relationships with clients, builders, developers, designers and architects. The owner is very seldom 'on the tools' with his focus being sales and business development.
Key Attributes
- Multiple award winning Master Joiner with excellent brand equity
- Good range of clients with sales very widely spread
- Reasonable cash-flow with deposits and progress payments
- Qualified and happy staff; excellent team culture;low staff turnover
- Complete their own installation with excellent staff
- Comprehensive P&E; systems and operational software
- Clearly identified opportunities for growth
- Located in a lifestyle location within two hours of Christchurch
The Buyer/Seller
Our vendor is looking to slow down and enjoy some 'own time' in semi retirement, albeit all support will be provided for a new owner. Transition will be considerably eased by key senior staff and good support systems within the business. The new owner will be an experienced business professional, with the ability to maintain relationships with staff, customers and suppliers. Joinery experience or exposure to a design, measure and quote environment and/or a manufacturing background would be useful.
Net Surplus $513,881 2024FY EBPITD
$392,130 2023FY EBPITD
$496,226 2022FY EBPITD