For Sale: $380,000
Based in Sydney’s Northern Beaches region, this successful engineering business has an excellent reputation and a rich history dating back over 35 years.
This engineering business specialises in precision repetition manufacturing, creating quality machined components for a range of customers in a variety of industries. The workshop is fully equipped with a range of CNC and Cam Automatic Lathes, which can produce a range of components from small simple orders to large complex production orders.
The business has a long list of regular/repeat customers, which produces consistent revenue for the business year on year.
The business has an average turnover of approximately $250,000 p.a. and generates a Gross Profit of $144,106, which is 57% of the business’ revenue.
The 207sqm premises is owned by the vendor, and he is willing to offer favourable lease terms to the new purchaser.
This business is the perfect opportunity for expansion via acquisition, or a fabulous opportunity for someone working in the industry with CNC machine experience to purchase a complete, profitable, and operating business, essentially buying yourself a job with the potential for growth.
There are also significant opportunities within both the business and the industry that could be taken advantage of by the successful purchaser in collaboration with the outgoing owner. The current owner is willing to do an extensive training/handover period and will stay on for up to 12 months with the new owner if required.
This business is offered to the market at $380,000 which includes all assets/plant & equipment necessary to operate and maintain the business. (Goodwill, IP, P&E).
35 years of trading history and reputation
Consistent year-on-year revenue of $250,000 PA
57% gross profit margin
Established list of regular/repeat customers
Favourable Lease Terms
Untapped growth opportunities