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$1m Profit per annum and run under Management

$ 2,800,000.00
Reference Number
2536
Title
$1m Profit per annum and run under Management
Date business was established
2008
Business for
Sale
Additional information
Business features
  • Car Parking
  • Disable Access
  • Residential/Commercial
  • Signage
  • Est. Lease
  • Freehold
Additional information
An exciting opportunity has presented itself to acquire this business that Produces, Manufactures & Installs Custom Designed Lighting, Screens and other Commercial Interiors. They were Established 11 years ago and still in the same family. It has an extremely good profit with plenty of further growth potential.
They have a highly skilled and talented team of people including a full Management Team and the owners now live overseas. Their customers include Shopping Centres, Sports Stadiums and Entertainment both in Australia and Overseas. Their clients highly regard their work and often are repeat customers. All the work is custom made to the customer’s requirements and one-offs.
Revenue
$4.4m
Net Profit
$998k
Potential
Most of their clients are so happy with their work that they do not even go to the open market for tenders. There is substantial potential to grow this business further by seeking out other tenders that are available.
Skills
Given the business has a very talented Management Team, the new owner would have the choice of leaving the structure as is or be a hands on leader and possibly take some of the roles themselves.
Lease
A new lease is currently being negotiated and the landlord is very happy for them to stay long term.
Employees
25 including the Management Team
Reason for Sale
The founders have retired and their son who is CEO is living in Canada and does not want to continue to travel back to Australia
About the Business
The business’s one-stop shop approach includes conceptual and design development, engineering, prototyping, production, shipping, installation, site coordination and more.
They are constantly developing and moving into new areas. The staff have a brilliant skill set and there is a very positive work environment. The team are a huge asset to this business and are proud of the work they create.
Given the designs are all on-offs, there is very little competition in this market. A substantial amount of P & E included
Annual Nett Profit
$ 998,000.00
Location
Country
Australia
States
Queensland
City
Gold Coast MC
Post code
90726
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