Profitable ($250,000) Custom South Cost Joinery

Business Details

EOI - 01/06/2021
 
After 15 years, the owner of this highly successful custom joinery wishes to retire.
 
His impending retirement presents a unique opportunity to secure an extraordinarily profitable and well-established business. 
 
The business experienced a turnover of $2,200,000 with an impressive gross profit of $1,260,000 in the 2018-2019 year.  
 
The owner works approx. 50 hours a week received approx. $250,000 in wages and profit in the 2019 year. Two thousand twenty figures are being finalised, and we expect an equivalent result. 
 
The profits and turnover have been generated because of the unique business model of selling directly to the public through the custom showroom - supported by the turnkey workshop.  Option to buy the freehold premises. 
 
The plant and equipment's of the showroom and joinery replacement cost would exceed $500,000, and all of this is included in the sale at half the price. 
 
According to most analysts, now is the wrong time to sell as the South Coast property and building boom is locked in.
 
https://www.domain.com.au/news/nsw-coastal-property-markets-boom-with-no-slowdown-in-sight-amid-pandemic-1019611/
 
With guaranteed work in the pipeline, the willingness to train the new owner and priced well below market expectations, this opportunity shouldn't be overlooked. 
 
Please initially email Frank Walmsley, the exclusive broker on sales@capitalcommercial.com.au 

Financial Snapshot

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Business Summary

Canberra, Australian Capital Territory
Building and Construction.
The business experienced a turnover of $2,200,000 with an impressive gross profit of $1,260,000 in the 2018-2019 year.  
 
The owner works approx. 50 hours a week received approx. $250,000 in wages and profit in the 2019 year. Two thousand twenty figures are being finalised, and we expect an equivalent result. 
 
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Sales Summary

Sale Status : Under Offer

Sale Method : Expression of Interest

Investment Amount : 0

Stock at Value : $0.00

Finance Options :

Frank Walmsley

0400 446 605

sales@capitalcommercial.com.au