Business ID: BS
Recently Restructured. $220K+ of assets included in sale (Independent valuation)
Following a recent restructuring of the Company, this business has returned to profitability after a difficult period during Covid. The business has a high degree of automation providing it with great scope for future growth. Current turnover is around $110,000 per month but has been over $300,000 per month under previous ownership.
The business has changed direction over recent years to move away from undertaking work for Tier 1 builders to focus more on residential shower screens, balcony glass and mirrors etc.
• Great factory /office setup
• Excellent location close to M1
• 2 months +5 year option remaining on lease
• Key equipment includes:
• Computerised cutting table
• Glass Washing and Edging machine
• Overhead crane
• 1 x Toyota RAV4, 2 x HiAce Panel Vans
The vendors will provide a 4-week handover to new owners. One owner is willing to work for 3-6 months if required.
The business has been very successful over the years and could be returned to its previous levels of profitability and revenue. Under its current scaled-down structure (and reduced wage bill) the business performance this year is already much improved over last year.
The owners are willing to exclude some of the assets from the sale to assist tailor the price of the sale to someone’s budget.
This is an ideal bolt-on to an existing company operating in the same field.
Asking Price: The goodwill and assets of the businesses are for sale for $328,100. SAV will be charged separately and is expected to have a value at a cost of $40K.
Property Code: 3132
