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Unique Opportunity Successful Engineering Business & Freehold For Sale

Warragul, Victoria
Asking Price:
$790,000 (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (AUD)
Cash Flow:
Not applicable

Successful general engineering business and freehold for sale, separately or combined. The business is situated three quarters of an hour drive south east of Dandenong Victoria Australia in a rapidly expanding town in Gippsland. Owners selling due to ill health.

The land is situated in an industrial estate with excellent access for all types of vehicles. The block has security fencing is on all boundaries with a large gravel area in front of the factory with gardens on two sides and large grassed area. The factory is an 18m x 11m steel clad building which also incorporates a 12m x 3m mezzanine floor with excellent wooden staircase access. At the front of the factory is a large brick office with a built-in reception desk, tiled floors and two large vertical blind covered windows. The office comes complete with computer desks, office chairs, cupboards and filing cabinets. Next to the office is a separate male and female toilet complete with wash hand basins. A separate fully fitted kitchen/meals area plus a shower room with vanity unit. A large combustion wood heater and a three-phase air-conditioner is incorporated into the building. There is therefore potential for accommodation with all the facilities available. The freehold has a current council permit to erect a double storey storage facility with an estimated annual income of $100,000. The remaining land is still large enough to erect a third building.

The extensive machinery includes a large a medium and a small lathe, large and medium milling machine, slotting machine, Erlo drill 40mm capacity, linisher, surface grinder, two band-saws with roller conveyor, eccentric pneumatic press, two ten-ton fly presses, one-ton hydraulic stacker, three hydraulic lift trolleys, four mobile work trolleys, Metabo 300mm drop saw, 5.5 HP compressor, set sheet metal rollers, black oxidising facility and various electrical hand tools. Two separate welding and fitting bays with oxy, mig, tig and arc welding equipment, two large work benches complete with vices attached plus numerous other work benches and cupboards. There is an extensive range of tooling and metrology equipment, plus numerous jigs and fixtures. A large tiered steel rack with extensive stock of various grades of steel. All equipment is in excellent condition and has been well maintained. Included in the sale is an Iveco Daily diesel truck with 4m tray, no endorsed licence required.

The business manufactures machinery spare parts for the food industry and have at any given time at least one month’s work in hand. Along with the sale of the business comes a complete set of drawings to manufacture a screw top capping machine which has a multitude of applications and world-wide selling potential especially to the wine industry. The business would ideally suit a partnership as there is huge capacity for the business to grow. All the engineering works can be completed in house with the extensive equipment available.

The asking price for the business is $790,000 with a 10% non returnable deposit to be paid on signing of the contract. The freehold is also up for sale for $950,000, vendors terms are available for this purchase, but the owners are prepared to lease the property. Owners are also agreeable to assist the purchaser during a transitional period to become fully acquainted with the manufacturing processes and general running of the business.

Property Information

Real Estate:

Lease

Location:

Industrial court

Premises Details:

Solid brick and steel clad

Size in square feet:
21,528 Sq Ft
Planning Consent:

Planning consent to build a double story factory

Business Operation

Expansion Potential:

Capacity to employ many more people. Opportunity to manufacture own product, plans included in sale.

Competition / Market:

None

Reasons for selling:

ill health

Trading hours:

Mon to Fri or to suit needs

Employees:
2 owners only
Years established:
23 years

Other Information

Support & training:

Owners willing to assist for a specified time

Financing available:

Vendor's terms on freehold

Furniture / Fixtures value:
$10,000 (AUD) - included in the asking price
Inventory / Stock value:
$540,000 (AUD) - included in the asking price
Relocatable:
This business can be relocated.

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