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Listing ID: 2264497

Superb Growing Joinery Factory & Showroom For Sale

South Eastern Suburbs, Melbourne, Victoria, Australia

AU$ 2,500,000

(Furniture / Fixtures included)

Revenue: AU$ 2,670,000

Cash Flow: AU$ 1m to 5m

Business Description

Executive Summary

• Asking Price $2,500,000
• “Rolls Royce” Business
• Based on long term implementation of documented superior business programs
• Strong performance
• Enviable growth
• Sales up 58.5% over last two years
• EBITDA up 95% over last two years
• Excellent manufacturing facility to cope with further growth
• Spectacular showroom
• Wide spread of customers
This business has reached its current level of achievement and profitability based on hard work, understanding customer needs and a professional approach often advised by highly qualified mentors and advisors. This is not a standard joinery business. Investment in systems, people, machinery and technology is the key to its lasting growth, current success and future. Customer satisfaction is further enhanced by an ongoing investment in the latest technology and machinery.
The products extend from state of the art kitchens and laundries to vanities, wardrobes, laminate tops and cabinets. The business prides itself on being able to cater for every customer, making custom made pieces, tailored to customer design and size requirements.
Operations:

The operating hours are as follows:

Showroom Factory

Monday – Wednesday 9.00 a.m. – 5.00 p.m. 7.00 a.m. – 3.30 p.m.
Thursday 9.00 a.m. – 7.00 p.m. 7.00 a.m. – 3.30 p.m.
Friday 9.00 a.m. – 2.00 p.m. 7.00 a.m. - 1.30 p.m.
One Saturday per month 9.00 a.m. – 12 noon

Market / Customer:

The business success has been based on the conviction that it can service the needs of any customer and no particular target market is favoured. Whoever comes into the business will be sold something to suit their needs.
Supplying building companies or builders is discouraged.
The customer base is very wide with close to 500 customers active in the 2016 financial year. As in every business, there are some large customers, but no single customer or group of customers can threaten the continued success of the business because of the wide spread of business.
Products / Services:

Because of the customised nature of the business, almost anything can be made and sold. The following are the major categories:

• Kitchens
• Vanities
• Wardrobes
• Office furniture/desks
• Storage cabinets
• Commercial factory joinery cabinets
• Bench tops
• Doors
• Hardware
• Facelifts
• Renovation of bathroom and kitchen turnkey operation

In addition to the general operations, an Ebay store under a different name is operated.
Premises:
Located in the Eastern suburbs of Melbourne, the premises are ideal for operations and will cater for significant growth.
Premises comprise of:

 Total building area of 1281m 2
 Ground floor of 736m 2
 First floor reception, showroom and offices
 Land area of 726 m 2
 Industrial 1 zoning
 Rental of $84,000 per annum

Commercial real estate agents have assessed the current fair rental at $100,000 to $110,000.

THIS IS A SUPERIOR BUSINESS AND READERS ARE ENCOURAGED TO SEEK FURTHER DETAILS INCLUDING FINANCIALS.
To receive additional information on this business, please contact Steve Lentin:


Telephone (03) 9569 2883
Fax (03) 8677 0868
Mobile 0419 910 099
Email steve@accordbrokers.com.au

Alternately, please click on REQUEST MORE INFORMATION below and follow the prompts to complete the required Confidentiality Agreement which can be printed. On completion, please fax the agreement to Steve Lentin on (03) 8677 0868

The information in this web listing has been provided by the Owner to enable potential purchasers to make an initial assessment of the suitability of the business. At an appropriate time, a full due diligence of the business is recommended to confirm the details and financial information provided - all of which has been approved for publication by the Owner.

Property Details

Size:

See Report

Years Established:

25 Years

Property Type:

Lease

Other Details

Business Location:

See Report

Premise Details:

See Report

Competition:

See Report

Expansion Potential:

See Report

Operation Details

Employees:

12

Trading Hours:

See Report

Support & Training:

As reasonably required

Relocatable:

Business Relocatable

Contact this seller

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