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Listing ID: 3229257

Unique opportunity to purchase Engineering Business &/or Freehold For Sale

Warragul, Phillip Island and Gippsland, Victoria, Australia

AU$ 500k to 1m

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: AU$ 250k to 500k

Cash Flow: AU$ 0 to 100k

Business Description

A fantastic opportunity to purchase a successful general engineering business and freehold situated in a fast-growing town three quarters of an hour drive east of Dandenong Victoria Australia either separately or combined due to owners wishing to retire.
The business manufactures spare part machinery for the food industry and at any given time has at least one month’s worth of work in hand. Along with the sale comes a complete set of drawings to manufacture a screw top capping machine which has a multitude of applications word-wide especially to the wine industry.
The extensive machinery includes a large, a medium and a small lathe, a large and a medium milling machine, slotting machine, Erlo drill 40mm capacity, linisher, surface grinder, two band saws with roller conveyor, eccentric pneumatic press, two ten-ton fly press. one-ton hydraulic stacker, three hydraulic lift trolleys, four mobile work trolleys, Metabo 300mm drop saw, 5.5 HP compressor, set sheet metal rollers, black oxidising facility and various electrical hand tools. Two separate welding and fitting bays with oxy, mig, tig and arc welding equipment. Two large work benches complete with vices plus numerous other work benches and storage cupboards. An extensive range of tooling and metrology equipment plus numerous jigs and fixtures. A large tiered steel rack with an extensive stock of various grades of steel. All the engineering works can be completed in house with the extensive equipment available. All equipment is in excellent condition and has been well maintained. Included in the sale is an Iveco Daily diesel truck with 4m tray, no endorsed licence is required.
The asking price for the manufacturing business is $790,00 (negotiable) with a non-returnable deposit to be paid on signing of the contract of sale. If the business purchaser is not interested in purchasing the freehold the owners are prepared to lease the property at a negotiable monthly rate. The owners are also agreeable to assist the purchaser during a transactional period to become fully acquainted with the manufacturing processes and general running of the business. The business would ideally suit a partnership as there is a huge capacity for the business to grow.
The freehold has security fencing on all boundaries with a large gravelled area in front of the steel-clad factory (18m x 11m) which also has a mezzanine floor (12m x 3m). At the front of the building is a large double brick office with tiled floor and a built-in reception desk. The office comes complete with computer desks, chairs, cupboards and filing cabinets. There is separate male and female toilet complete with hand basins plus a shower room with a vanity unit. A separate fully fitted kitchen / meals area. A large combustion wood heater and a three-phase air conditioner is incorporated in the building. The freehold has a current Council permit to erect a double storey storage facility with an estimated income of $100,000 annually. The remaining land is still large enough to erect a third building.
The asking price for the freehold is $950,000, vendors terms are available at a reasonable rate after a non-returnable deposit is made on signing of the contract of sale.

Property Details

Size:

Approximately 21,528 square feet.

Years Established:

25 years

Property Type:

Real

Other Details

Business Location:

Business situated in an industrial court

Premise Details:

Large battle axe shaped block with solid brick office and steel clad factory

Competition:

None in the area

Expansion Potential:

Huge potential to expand and employ further people plus opportunity to manufacture own product. Drawings included in price.

Living Accommodation?

Yes
kitchen, bathroom, separate toilet, mezzanine floor

Planning Consent:

Council permit to erect a two story factory

Operation Details

Employees:

2 full time 1 part time

Trading Hours:

Monday to Friday hours to suit.

Support & Training:

Owners willing to train and give assistance for a specified time and later provide any consultancy expertise if required.

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
Vendors terms at a reasonable rate available for the purchase of the freehold after a non-returnable deposit is paid upon signing of the contract.

Reason For Selling:

Owners wanting to retire

Contact this seller

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