SOLD – MANUFACTURER OF SPECIALIZED LIQUID REFRIGERATION MACHINERY

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Property ID : FCA2707

Sold or Unavailable $650,000 + S.A.V - INDUSTRIAL & MANUFACTURING

 

MANUFACTURER OF SPECIALIZED LIQUID REFRIGERATION MACHINERY

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A first-rate investment opportunity for an industry giant with annual turnover that has now exceeded $3M.

 

 

ASKING PRICE: $650,000 Negotiable + Stock at Valuation (Est. $380,000)

 

 

LOCATION: This business is situated in Melbourne’s Industrial South Eastern Suburbs – around the suburbs of Dandenong South, Carrum Downs, Seaford and Patterson Lakes.

 

 

ABOUT THE BUSINESS: Central Business Brokers is proud to announce its exclusive representation of this major manufacturer of specialized liquid refrigeration units, with a wide range of applications from agriculture to hospitality.

 

For almost 20 years, this company has built a robust infrastructure, using its high-quality manufacturing as the basis. The company is only one of three in Australia currently doing this, with the other two very strongly focused on exports.

 

It has a team of highly trained experienced long-term employees, from fitters to electrical contractors who manufacture each unit.

 

There is no overwhelming customer concentration and the account relationships are long-standing. The company operates entirely as a business-to-business enterprise focusing on wholesaling its products to refrigeration contractors, for the most part.

 

The company’s annual Revenues have shown a steady growth trend over the last few years, to the point where the Vendor is now turning back work as they are so absurdly busy. To give an indication, prior to the beginning of this current financial year, they already had $1.4M in orders placed.

 

The current owner and founder wishes to retire and will provide necessary transitional assistance, being prepared to stay on as a part time consultant. The current staff manufactures the units, but the Vendor has a strong participation in the daily operations, particularly in regards to product design.

 

The company is based in an approximately 1,900 sqm area in 2 established industrial premises across the road from each other.

 

Candidates must have a background in one or more of the following fields: Mechanical Engineering; Production Engineering; Electrical Engineering; or Refrigeration & Electrical Services

 

NUMBERS (2013-14):

 

SALES $    3,227,024
COST OF GOODS SOLD $    2,529,754
GROSS PROFIT $       697,270
WAGES $         39,245
RENT $         55,279
OTHER EXPENSES $       218,267
NET PROFIT $       384,479
ADD-BACKS $         12,569
ADJ.NET PROFIT $       396,998

 

IMPORTANT NOTE: Sales for the year 2014-2015 substantially increased to nearly $3,200,000.00 (almost a 20% Increase). The estimated Net Profit for this last Financial Year is somewhere between $300,000 to $340,000

 

 

 

>>> FOR FURTHER DETAILS YOU NEED TO FILL OUT A CONFIDENTIALITY (NON DISCLOSURE) AGREEMENT. FILL IT OUT ONLINE:

HTTP://CENTRALBROKERS.COM.AU/CONFIDENTIALITY-AGREEMENT OR YOU CAN SEND US AN E-MAIL ON ENQUIRIES@CENTRALBROKERS.COM.AU

 

AGENT: ALEX 0428-846-322

 

Disclaimer: Images displayed in this ad are stock images only, not pictures of the actual business, its products, employees or premises. Figures reflect company’s 2013-14 Profit & Loss Statements provided to Central Business Brokers by the Vendor. Add-Backs are estimations only and are neither comprehensive nor complete – further investigation on these is necessary. These numbers should serve as a guide only during the Enquiry Process and should not be used in the Due Diligence process – rather, the Financial Statements produced by their Accountants should. All Numbers and Information have been provided in good faith, and are true & accurate to the best of our knowledge. However, it is the responsibility of any Potential Purchaser to verify all information provided with the assistance of a qualified professional.

 

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