SOLD! Kitchen Cabinet Manufacturing Business – South Australia

Manufacturer of cabinets for kitchens, laundry, bathrooms, entertainment units, libraries, wardrobes (no sliding doors) and outdoor entertaining areas, etc. There is very little direct commercial work except to domestic home builders, the balance is to architects and individual homeowners, the split here is about 50/50.

• Establish over 30 years, current Vendor 14 years
• Modern automated Plant and Equipment
• Reliable supply chain for products
• Immaculate spacious premises in fast-growing community
• Market leaders in the industry
• Diversification of products and services
• Long term motivated reliable employees
• Minimal reliance from Vendor for day to day management
• Excellent marketing and sales systems in place
• Long term lease has been negotiated
• Vendor now wishing to retire

An appropriate handover period will be negotiated to ensure the Purchaser has a precise and complete transition period. Please note that this business runs with minimal assistance on a day to day basis from the vendor, ensuring handover will be seamless.

As with the current Vendor (accounting background) who had no knowledge of this industry prior to him purchasing the business, it could ideally suit a large range of purchasers. Accountants, silent investors, industry-savvy or a couple with interior design skills, just to name a few.

Asking Price $700,000 + SAV & WIP Est $160,000