This is not a misprint so please keep reading.
This may just be the best opportunity to come to market in years for any cabinet markers looking to get into their own business.
Alternatively, if you are an existing workshop, this may just be the best bolt on opportunity money can buy.
Established over 30 years ago by the Sellers who are now looking for an imminent retirement, this business has a solid track record of delivering kitchens and bathroom maintenance and renovations.
Specialising in insurance work dealing through several builders means over 80% of their work is repeat repair, replacement and maintenance work, ultimately all covered by the insurers.
Staffed with 3 cabinet makers means the owner is largely ‘off the tools’ quoting and managing the business. The old school approach to cabinet making means everything is custom made and designed to suit all situations.
Apart from the 30 years history and the constant repeat work, the best part here is the returns. Average profits to an owner over the last 2 years is just over $220k per annum with the current financial year showing further continual strength.
At the asking price of $185k this is a return on investment of almost 120%.
- Established Reputation: With over 30 years of successful operations, the business has built a solid reputation for delivering exceptional service to their repeat customers.
- Repeat customers: Estimated over 80% of their work is through builders specialising in Insurance repair work meaning no need to advertise for work.
- Skilled and Experienced Team: The business comes with a highly skilled and experienced team of cabinet makers who have been with the business for a long time.
- Unbelievable Returns: Profits for 2023 are showing in excess of $260k to an owner operator. Current year (2024) is showing continual strength.
Due to the Sellers looking to retire and their desire to sell immediately this business is priced too good to be true…..Where else will you find a business earning significantly more than the asking price?
NOTE: The well-located property (Northern Suburbs) is also available for sale via separate negotiation.
Confidentiality Agreement may be required for detailed financial disclosures.
FOR SALE: $185,000 WIWO (P&E $25,000 + Goodwill $160,000)
Contact the exclusive broker:
Benchmark Business Sales & Valuations
M: 0419 198 584
T: 1300 366 521
If you’d like to know more about this business, go to our website www.benchmarkbusiness.com.au and use the reference: bus5208 to search for the business.
Please ensure you have the necessary capital before expressing an interest in this business.
The image shown is for illustration purposes only and may not be an exact representation of the business.
Benchmark Business Sales and Valuations