SOLD
Business Overview
This well-established furniture manufacturing and office fit-out specialist is one of Australia’s oldest and most reputable businesses in the space.
With a dedicated and professional team, this well-oiled machine of a business has built a reputation for excellence in designing, manufacturing, and installing high-quality office furniture and fit-outs.
The current owner is retiring, but the General Manager is keen to remain with the business, providing continuity and expertise to ensure a smooth transition for the new owner. As an existing minority shareholder, the General Manager is also open to consider retaining some level of shareholding under the new ownership, subject to negotiation.
The business is based in New South Wales but has an extensive customer base across the Eastern seaboard of Australia, and a strong track record of repeat business from satisfied clients. They offer B2B wholesale, direct-to-consumer sales and custom design fit-outs.
The premises boasts state-of-the-art manufacturing facilities with replacement costs of assets estimated at around $2,296,149 excluding stock or building fit-out/setup costs, there is also a modern showroom at the head office which sits adjacent to the factory. With a focus on quality, craftsmanship, and customer satisfaction, this business is well-positioned for continued success in the future.
This financial year has seen some of the strongest months of trade on record, with turnover estimated to exceed $11M by 30 June.
This is a rare opportunity, offered for sale for the first time since inception and features all the fundamental characteristics attractive to both an investor and operator.
Prospective buyers are subject to qualification, and Vendor's disclosure approval.
Key Features
State-of-the-art plant and equipment without encumbrances
General Manager willing to remain in business
Strong level of repeat business with low-risk concentration of customers
Long-serving, loyal and experienced staff in place
Buying a business is easy with Vision
"We understand that as every business is different, so is every buyer. Ask your broker about the information the Vendor will make available as part of due diligence so you know what to expect at the beginning of the process."
Daniel Kogan
Senior Partner
Licensed Business Broker
m: 0401 620 918
t: (02) 8923 2632
Dan Levitus
Senior Partner
Licensed Business Broker
m: 0450 326 146
t: (02) 8923 2632
The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained in this business.
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