Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Business For Sale. A Cast Iron Opportunity: Solid And Dependable

LISTING DETAILS
Firms For Sale ID:
30991
Vendor reference:
12849
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$570,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Considering the current economic climate, this very sound business which specialises in cast iron products (plus other lines) has achieved some creditable recent financial results. The products are manufactrured on site as well as imported.
The net return (EBPIDT) for 2011 was $267,309 which was an increase of 37.9% on the previous year. The EBPIDT has been as high as $432,000 in the last four years. Sales revenue for 2012 was slightly higher than that achieved in the 2011 financial year; the net return was $271,767.
The business was established in 1976 and the current and original owner now wishes to retire but will offer an extensive period of assistance to a new owner.
There are several long serving and experienced employees.
There are a number of product lines. Imports account for just under half of sales revenue. A concrete based product and accessories are part of the product mix.
Most trading activity is business to business; the customer base is nationwide.
This is a worthwhile opportunity for someone with a technical background and some marketing experience. There is scope to expand the scale of the business.
The asking price of $570,000 includes an indicative level of stock of $62,000.
The freehold property accommodating the business as well as two long term tenants is offered in conjunction with the business:Property asking price; $1.8million.