Manufacturer - profits $2.5M YE2019
City Centre, Christchurch City
- Proposed Usage
- Property ID
This business has a history of consistent sales around $16,000,000 and high profits. Embedded staff knowledge throughout the business and specialist equipment provide a high barrier to entry. The manufacturing process is to a large degree repetitive with much of the production made for stock which will assist the purchaser to rapidly learn the business.
The business is owner operated and a strong Canterbury player in a substantial industry. The business has a pool of expertise, and skilled staff. Whilst the retiring owner has been working full time, his role is transferable to a current employee and the $2,300,000 cash surplus has factored that in. The business has intelligently purchased specialist equipment over the years that would cost many millions to replace. Repairs and maintenance are conducted in-house.
This strongly profitable business is offered for definite sale because of retirement. It will appeal to a Purchaser with project management or construction skills, or an investor. Because this sale is confidential please call Geoff Smart in the first instance to discuss, 027 284 2281.
For Sale: $8,900,000
Turnover: $16,000,000 ; Cash Surplus $2,300,000.