Business ID: BS------
Long Established and Very Profitable Window Furnishings Business – North QLD. FY21 Sales $1.8m, Discretionary income to working owner $413K pa (Avg over 3 yrs)
stablished in 1988 this business has been operated by the current owners for 20 years. It is a key supplier in the region to homeowners and property renovators and has an excellent reputation for customer service and for providing good value for money.
The business has been priced very fairly for the income available in the hope of attracting a good buyer who will maintain the standards that have been set for customers and for staff. The vendor will also consider offers for the premises should a purchaser of the business wish to invest in the building as well.
-Key products include: Aluminium Doors and Windows (manufactured in house), Security Screens and Blinds
-Sufficiently profitable to run under management
-Long term, experienced staff (11 F/T) in place
-Many assets included (8 vehicles)
-5 Day working week only
-3 Year Revenue increase + 25%
-3 Year Operating Profit Increase 70%
-3 Year adjusted profit increase to owner +27%
The owner needs to retire (for medical reasons), the other owner will continue to work for the new owner (if required). The owners believe that with experienced staff in place a 2-week handover after settlement should provide a suitable transition period, however, both owners are prepared to stay on a little longer if required.
Established businesses that can still provide an excellent return under management are rarely available for multiples of less than 3 x income to the owner. With one owner needing to retire a decision has been made to offer this business for sale at a very fair price in the hope of facilitating a quick sale.
With a University, Army Base, Hospital and being the centre for North Qld Government, Townsville and the Magnetic Island region have a lot to offer – including fabulous weather with brilliant winters.
Asking Price: The goodwill and the Assets of the business are for sale for $819,000. Stock will be counted at Settlement and will be at an additional cost. Typically SAV is around $100K. The purchaser of the business will also have the opportunity to purchase the property which is currently returning the owner an ROI of around 9.3%