Modern & Traditional Cabinet Manufacturer Prime Development Property For Sale

Business description

This outstanding development property is strategically located on the corner of Dorset Road and Burgess Road in Bayswater North. Existing tenanted premises on the land include a well established cabinet manufacturer, importer and retailer which is also for sale. Two additional large factory/warehouses are currently tenanted.

This is a rare opportunity to purchase an outstanding future development site and to operate a successful and long established business specializing in the design and manufacture of modern and traditional bathroom and household cabinetry.

Due to a growing trend in home renovations and residential development this business is enjoying the substantial demand for bathroom cabinetry and accessories. With strong relations established with suppliers in China, Vietnam and Malaysia and handsome long-term buyer contracts in place, this business is poised for exceptional performance.

The Vendor is selling the business due to personal circumstances, and the very realistic asking price has been set to effect a quick sale.

Rarely is the opportunity presented where a business in a unique location with such an outstanding reputation and growth potential is offered for sale.

Included in this offer are the following:

? 100% of the business assets of the business;
? A business with a well established and broad customer base and one that is poised to enter a further growth phase;
? A well-established trading name with a reputation for quality and outstanding service;
? The ownership of the necessary plant and equipment to conduct and grow the business;
? Convenient and spacious premises;
? Excess capacity provided by the current premises that will support substantial business growth;
? The knowledge and trade experience of the current owner who is willing to provide any required training during a transition period.
? A prime development property.

Operations:

Current hours of operation are:
Factory: 8am to 4pm weekdays
Retail Showroom: 9am-5pm Weekdays
9am – 1pm Saturday


Market / Customer

This business has a broad customer base which includes:

• Builders
• Developers
• Architects
• Renovators
• Designers
• Decorators
• Retailers
• Domestic clients

Products:

The product range includes joinery, cabinetry and accessories for:
• Bathrooms
• Showers
• Kitchens
• Laundries
• General Building ie. Doors, Windows and gates
• Verandah ie. Posts, Rafters, Fretwork
• Shopfitting
• Displays
• Fitouts
• Signage
• Home furnishings ie. Entertainment units, tables, sideboards, Bookcases

Services:

Services provided by this business include:
• Measure and quote
• Custom design
• Manufacture
• Product installation

Premises:

The premises are conveniently located on a major thoroughfare in an outer eastern suburb of Melbourne. The site enjoys excellent traffic exposure on a corner allotment.

The premises include the following salient features:
? Total floor area of approximately 20,000ft2
? Retail Showroom and sales office
? Administration office
? Warehouse for stock 8,150 ft2
? Machine/Assembly area 8,450 ft2
? Polish Shop (approximately 3,300 ft2

There are also two additional tenanted factory/warehouses on the property.
The asking price for the property is $2.5m.

Plant & Equipment:

All existing Plant & Equipment is included in the asking price.

A comprehensive Plant & Equipment list will be provided during due diligence.

Management / Staff:

The business is currently managed by the owner.
Additional staff include:

• 1 full-time Retail Sales Assistant,
• 1 full-time Master Builder with 35 years experience,
• 1 full-time Shop Fitter with 15 years experience,
• 4 Full-time fully qualified Cabinetmakers, Polishers and Painters
• 1 Part-time Bookkeeper.

The Vendor will provide any required training and assistance during a suitable transition period.

Business Growth Opportunities

This business has outstanding growth potential if managed efficiently and if attention is directed towards growth strategies. The business has traditionally focussed on the bathroom cabinet sector of the marketplace; however, new growth opportunities have recently been identified, and with very little capital expenditure, substantial growth could be accommodated with existing staff, premises and equipment.

In order to grow its position in the marketplace, the business could also implement marketing strategies designed to better focus on its target market segments, including to the existing database of customers. Minimal marketing has been carried out to date.

Property information

Real Estate:

Real Property Included

Other information

Trading hours:

Factory: 8am to 4pm weekdays
Retail Showroom: 9am-5pm Weekdays
9am – 1pm Saturday