This business was established 30 years ago and is the industry leader in its field supplying products to the power, wire, rubber and communications industry in Australia. This leasehold business is situated in one of regional Victoria's major cities on a 10-acre purpose-built site but could be run from anywhere. The average turn over for the last 5 years has been 2.1m including the 2 years of Covid, (normal years prior to Covid turn over had been 2.5m plus) the 5-year average EBIT is 200k run under management. An owner operator would add another 100k, the business has plenty of growth potential and infrastructure to diversify or add to its current field. With a client base of multinational clients guaranteeing regular work and payment.
The business is for genuine sale as the owners wish to retire, generous vendor terms are available to the approved purchaser, asking price of $1.3m WIWO for the business, freehold negotiable.
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