Powder Coating Business

  • Asking price: $395,000
  • Listed: Tue 9 Feb, 4:56 pm
  • Watchlist
Listing #: 1031003208
Location: Manukau City, Auckland
Management rather than "on the floor" skills is required for this long established powder coating and wet spray business. Operating from large industrial premises in a central location, they're busy with their accountant just producing financials for the last quarter showing turnover well up with profits that should impress.

After owning the business for many years the vendor wants to retire.

Given the size and number of staff it could continue as a stand-alone business or possibly merge with a similar type or one with synergies.

As to be expected plant and equipment is extensive with everything meeting OSH requirements.

Whilst they already have a large data base of customers and variety of work, there’s a continual stream of new inquiry from people they’ve never dealt with before that new management could capitalize on and grow the business.

Profits – suffice to say the business has provided the long-time owners with a very good income but some new blood should see it do even better.

If a new owner requires a longer than normal period of assistance, the retiring owner will consider staying for a period to suit, but they can also take comfort most staff have been with the business for a number of years.

The asking price of $395,000 (plus GST if any) is realistic but also well below what it would cost to set up from new.

Because of the confidential nature of the business, no details will be provided without firstly a confidentiality agreement being completed.
Advertisement

Advertiser's details

Darcy Snowden
  •  (09) 9097542
  •  (021) 941511
Christopher Brown & Associates LTD

Email the advertiser

Log in or register to email the advertiser.
Expires: Fri 29 Dec, 8:17 am
Page Views
7486