$255,000 + SAV ($40,000 approx.)
This manufacturer of soft furnishings has been operating since 1991 and is well-known throughout South Australia for providing quality custom made products which are durable and made to last. Having built a reputable stance within the industry, this business manufactures, wholesales and also does a small amount of retailing their own products.
Currently, the business operates only 5 days per week out of their purpose fitted factory and sales room with their 4 experienced staff members. Sourcing materials from trusted brands, this business produces a range of products consisting of curtains, blinds, bedspreads, cushions and more.
The Vendor works full time in the business as manager and head of sales while the other Vendor works 10 hours per week, at most, performing administrative duties. Neither Vendor is involved in the manufacturing other than overseeing the process. Both Vendors wish to retire and are looking to sell this well established business.
Simon Winter 0419 828 689
|Plant & Equipment||$2,000|
|Stock at valuation (approx)||$40,000|
|Current Rent||$5,000 per month + GST|
|Lease Term||5 years|
|Lease Commencement||Date of Settlement|
|Right of Renewal||1 x 5 years|
|Outgoings||Paid by tenant|
|Adjustments||CPI annually and to market at renewal|
The property is owned by the vendors and a lease will be offered to the purchaser on the above terms.