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Business ID BS5361

Leading manufacturer of concrete reinforcing products For Sale - Central Coast

Income to owner $170K Sale Price $270K. Can be run under management

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The business manufactures and fabricates steel reinforcing for supply to the construction industry across the Central Coast of NSW. Staffed by fully qualified tradespeople the business has a well earned reputation for providing quality and cost effective solutions on time and on budget.

Business Highlights

  • FY 15 sales $1.7m
  • Large premises - low rent
  • Business to Business operation supplying builders, concreters and form workers
  • Trades 5 days per week 7am - 4pm
  • Established 38 years - many returning customers
  • Do direct competition in immediate area
  • Located close to Gosford CBD regeneration projects
  • P&E includes 2 trucks and 2 utes

The current owner is retiring and has transitioned himself out of the business over the last 2 years. The opportunity exists for the new owner to work in the business or continue to run under management. The owner will assist with the transition to new management for a period to be agreed.

This business has a good stream of repeat orders from its established client base. It is also very well positioned to take advantage of the opportunities that will be created by the major construction projects now approved for Gosford CBD. Suitable for a variety of buyers including an investor wishing to run the business under management.

Asking Price $270,000 which includes goodwill, plant and equipment. Stock on hand is not included and the current value of this is $125,000.

Xcllusive Finance

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Business Sale Price:
SOLD
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