Engineering Manufacturing Business For Sale

Business description

Engineering excellence for almost 100 years.
SALE PRICE;
Business selling for little over assets value $450 000 plus stock including working capital of approx $148,000
Equipment valued as at July 2009 $483,000
Now in 2009 this business is experiencing increased competition, Health Care NSW this market is currently depressed with many Hospitals unable to make orders but many new projects in pipeline for Feb May 2010.Nsw Treasury has halted Rail Corp spending currently.This will have to change at some stage.
FINANCIALS:
Full Financials are available up to 2008. The 2009 year ends September YTD figures are available.
Turnover 2005$1.34ml 2006 $1.08ml, 2007 $1.30ml, 2008 $1.12ml,
The business is operating at a break even situation

PRODUCTS MANUFACTURED:
Stainless steel commercial kitchen equipment for the Hospitality Industry
Specialised repetition components for railway rolling stock produced from stainless steel, mild steel, aluminium and metals with a painted finish
Aircraft galley and cabin equipment
Metal support equipment for railway signalling
General repetition CNC components and parts
Manufacture of galleys for railway buffet cars



PROFIT:
Break even to one owner with a working wage of approx $100,000.

The business operates with two owners who draw $109,000 each plus super. If one of the directors was replaced with a salesman on say $80,000 p.a and after a rental figure of $70,000 is allowed and after all other costs and expenses a breakeven result remains after paying one owner $100000
PROPERTY:
Location Inner West of Sydney- absolute prime location.
Property available for sale based on July 2009 Valuation at $2.25Ml
Business could be moved to form an add on to a related company wanting to get involved in this Industry dealing with quality major customers.

STAFF STRUCTURE;
The business is run by two directors and 8 loyal long standing staff.Two brothers Directors worked in the business since 1977 one in sales and the other in marketing. Both are prepared to stay on if required for a transition period or longer.


CLIENT BASE;
The buyer of this business will engage in dealings with some of Australia`s major clients. A full list is available at a due diligence.


POSSIBLE SCENARIOS.

Business and Property available as package.

Business available and lease available at existing premises for max 12 to 18 months.

Business available without property lease. Business to be relocated.

Property information

Real Estate:

Real Property Included

Location:

Inner west of Sydney prime location large premises also available for sale

Premises details:

PROPERTY:
Location Inner West of Sydney- absolute prime location.
Property available for sale based on July 2009 Valuation at $2.25Ml plus business price of $450000 plus stock
Business could be moved to form an add on to a related company wanting to get involved in this Industry dealing with quality major customers.

Size in square feet:

2441 sq metres

Other information

Support & training:

full training and on going consultancy available

Reasons for selling:

age of two owners and chnaging Industry patterns

Trading hours:

five days

Furniture / Fixtures value:

$450,000 (included in the asking price)

Inventory / Stock value:

$150,000