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Asking Price$1,500,000
Revenue$1,150,000 Established1998
Cash Flow$300,000 Employees4 full, 2 part
FF&E$650,000* FranchiseNo
Inventory$200,000* RelocatableNo
Real Estate$2,200,000 Home-basedNo
* Included in Asking Price
This business is very diverse and services many industries including; Earthmoving, Fishing, Trucking, Forestry, Mining, Agriculture, Government Departments, Building industry, Manufacturing and the list goes on. Located in a very popular coastal destination it is the perfect business for someone with a mechanical background, no formal training required, easy to run business with good turn over and profit margins. Huge potential for expansion and growth in lots of areas of the business. Excellent freehold premises available for sale also.
Facilities:Located in good commercial area close to town, large modern 1500m2 workshop/warehouse with excellent facilities, 3 x well equipped mobile service vehicles with hose making presses etc, Metal fabrication equipment area and tooling, huge amount of storage, pallet racking, very large retail counter and display area, digital phone system, PA system, server base computer system, 5 x offices, local agents for Donaldson Filtration systems, Local agents for Bobcat machines (servicing, warranty repairs, sales of parts etc) Local agents for Gates hoses and fittings, Local agents for Hardyspicer driveshafts and hydraulics, retail sales of automotive hoists, truck parts, lifting slings, chains, hooks. Agents for OILTECH fuels and lubricants, grease, solvents etc. Agents for Wearparts including earthmoving digger teeth, grader blades, auger tips, ripper boots for bulldozers etc. Servicing of fleet vehicles for local goverment departments, servicing of earthmoving and trucking companies, etc, etc. Workshop equipped for hydraulic cylinders repairs, vehicle servicing, welding etc.
Competition:This business is located in a coastal city of approx 30000+ people and there are only two other smaller hydraulic businesses located in our area, these businesses are not as diverse as ours and do not adversely effect our operations.
Growth Potential:There is huge potential to expand the business as we have chosen to operate only 5-days a week and 8am-5pm, there is opportunity to offer longer trading hours or even after hours service for breakdowns etc, Also there is currently a very large iron ore Mine planning to open up with-in 90km of the city which will be a 3billion dollar project, this will have a huge positive effect on business across the whole city and in particular our type of service industry, it is predicted workloads could double or triple with-in two years on the anouncment of the mine go-ahead. There is also potential for expansion into driveshaft manufacturing and balancing, setting up of a machine shop for carrying out more of our own engineering and machining requirements. We recieve fuel and oil commissions from our lubrication company when we sell a product, there is potential to expand into this area by using a full time sales rep to generate more sales and income, the list goes on, in other words we are only scratching the surface to what the business could generate if more focus was put on individual key components of our diversity.
Training/Support:Two weeks from settlement or a suitable time frame to be agreed between buyer and seller. Seller prepared to stay on as an employee or consultant on a part time basis at and agreed remuneration rate.
Seller Financing:A small portion of vendor finance may be offered to an approved buyer
Sale Reason:Owners been in the business for 15-years and have purchased a new venture
Ad #30572
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Contact This Seller
Vaughan Hanbury
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