08 8361 3074

Aztec Glass

Freehold & Business $745,000

Business Description

At a Glance

  • The business has a long history of servicing Whyalla & surrounds
  • The business meets Aust. standards & Aust. Glass & Glazing accreditation
  • Fully equipped to transport, cut, edge, lift & install for its clientele
  • Option to purchase Freehold property is offered

Aztec Glass has a long history of servicing Whyalla and the surrounding areas under the banners of Clarksons, Pilkingtons & Chevron Glass before it was purchased by the current owners.

The business’ ability to purchase blocks of glass from their supplier allows it to hold and distribute glass to competitors within Whyalla and surrounding areas in addition to hiring out labour as required. They also service insurance work and Windscreens O’Briens (at Aztec pricing) as they have no agent in Whyalla.

With a turnover of approximately $775,000 for 2021 and a staff of 5 in addition to the vendors, they utilise regular & safety glass, Perspex/Plexiglass (acrylic) and Lexan (polycarbonate) in the form of windows, windscreens, shop fronts, shower screens and mining vehicle repairs. A more select service is the manufacturing of framework for some jobs.

The business meets Australian Standards and has Australian Glass & Glazing accreditation. 3 x A-framed utes, of which one is 4WD and mines’ compliant, and one A-frame truck are included in the sale. They supply and install glass products to residential, commercial & industrial clients including OneSteel/local mines and schools from Port Lincoln to Roxby Downs.

The business is fully equipped to transport, cut, edge, treat, lift and install for its clientele.

The freehold property is offered or alternatively, the vendor is willing to sell the business only under a lease agreement.

Paul Windle 0410 394 254

Extended Price Information

Goodwill $271,000
Plant & Equipment $74,000
Stock at valuation (approx) $50,000
Freehold Property $350,000

Staff Summary

There is 3 part-time & 2 casual employees (one owner in a full time and 1 in a part time capacity ) currently employed at the business.

Lease Summary

Current Rent $4,200 per month incl. GST
Lease Term 5 years
Lease Commencement 22nd December 2020
Lease Expiration 21st December 2025
Right of Renewal 1 x 5 years
Outgoings Paid by tenant
Adjustments CPI Annually

Freehold Summary

Total Land Area 1,611sqm (approx.)
Area 448 sqm (approx.)
Certificate of Title Volume 5497 Folio 979
Capital Value $193,000
Zoning E - Employment

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