Steel fabricator - can be managed, profits $2M+


Asking Price NZD $7,950,000 + GST (if any)

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Steel fabricator - can be managed, profits $2M+ | City | 5511810 |      X Close

Steel fabricator - can be managed, profits $2M+

Retiring owner offers some vendor funding to suitable purchaser.

This business has a long 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 with operational managers in place. Whilst the retiring owner has been working full time, he has been easing back and his duties could be readily transferred to a suitably qualified manager. 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: $7,950,000

Turnover: $16,000,000 ; Cash Surplus $2,300,000