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Business ID: BS------
Annual sales for 9 months in current FY circa $5.5M with EBITDA $800K+. Forecasted to reach $1M EBITDA by June 2020.
This business is a manufacturer and importer of personal protective products for wholesale to distributors around Australia.
Unaffected with current economic situation!
Established in 1974 manufacturing industrial safety gloves the business has expanded over the years to other safety products.
The business manufactures, imports and distribute products from both local and overseas suppliers to wholesalers and distributors. Products are distributed to all states across Australia.13 major categories made to specification protective wear and apparel, protective suits, hi-vis safety gear and other general safety products.
The business is run completely under professional management over the last 12 years.
Sales revenue for the last three financial years has been trending upwards from $5M to $6.3M and due to current high demand is on track to finish financial year 2020 close to $1M EBITA.
-Current world wide situation has created extremely high positive demand of the business products
-Established for over 45 years
-Long term management and systems in place
-Blue chip clients nationally
-18 full time employees
-Excellent spread of the clients
-2019 T/O $6.3M and rising
-2019 EBITDA over $700K
-2020 expected to reach $1M EBITDA
-Amazing scope for future growth
This is a rare opportunity to acquire a business that will do strongly in the current environment and will be able to grow further both nationally and internationally after the crisis is over.
Excellent opportunity for:
-Businesses in the industry wanting to expand their reach and range
Don’t miss out! Enquire now!
Asking Price $3,000,000 + Stock at valuation
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