Highly profitable industrial engineering


City

Asking Price NZD $168,000 + GST (if any)

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Description

Highly profitable industrial engineering


Established over 40 years. The business has a regular customer base primarily in Christchurch with some out-of-town work. Limited competition. Very attractively priced offering excellent returns an owner operator. The business is currently semi managed.

An ideal business for an experienced service engineer, fitter welder, fitter and turner or investor.

The business provides a variety of services and specialist repairs. Experienced staff.

Centrally located with long term lease options in place with a modest rental.

A genuine motivated vendor is prepared to provide training and ongoing assistance to a new owner.

The business has weathered the Covid storm very well and is currently enjoying excellent trading.

Further details are available upon the execution of a confidentiality agreement.

For Sale: $168,000 or near offer

Turnover: $510,222 for the year ended 31 March 2020

$542,447 for the year ended 31 March 2021.

Cash Surplus: $99,632 for the year ended 31 March 2020.

$132,680 for the year ended 31 March 2021.

NB: The cash surplus available to an owner operator

The 2021 results are based on management accounts.

Further details are available upon the execution of a confidentiality agreement.