Listing #:1563652324

Luxury Lifestyle with Award Winning Dealership

Location: Invercargi­ll, Southland
Surplus to working owners circa $260,000

Just a few minutes north from Invercargill, just off the Queenstown Highway is this top income producing business Lorneville Small Engines Ltd.

The business was established 27 years ago and is now the "go to" place in Southland for all small engine equipment. The range covers mowers of all types and an extensive range of outdoor power equipment.

There is a large data base of customers and excellent digital assets to ensure ongoing business for servicing and equipment replacement.

Turnover is substantial at $1,343,418 for 2018 and is tracking at +14.9% YTD 1st Aug for 2019.

Staff are stable and reliable. They include two small engine Mechanics and a business customer service and sales person. Both husband and wife work in the business maintaining the very high standards and good customer relationships this business is recognised for. The wife works as Business Manager and the husband in the workshop, showroom and wherever needed.

The business is nestled in an enclave of manicured lawns and gardens (2.4397ha) alongside the owners beautiful home which is included in the sale. The home was built in 2001 and upgraded in 2007 and includes four bedrooms, an ensuite, double glazing, a new kitchen/bathrooms and two lounges with doors opening to the North which overlook gardens, lawns and pond which even has resident white ducks.

Asking Price is $1,595,000 which is made up of $800,000 (plus GST if any) for the home (supported by a registered valuation) and $795,000 for the business (supported by a thorough business appraisal).

If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BBS2267, register your details and submit the online Confidentiality Agreement. Once Doug receives your expression of interest he will be in touch.

*Source of information - Supplied by the Business Owner.

Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2018.

Agency reference #: BBS2267
Asking price: $1,595,000
Listed: Tue 6 Mar, 8:09 am
Doug Bishop
Barker Business Brokerage
  • Contact details
  •  (09) 4481285
  •  (021) 950111

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Agent's details

Doug Bishop
  •  (09) 4481285
  •  (021) 950111
Barker Business Brokerage
(09) 4480755

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