Curtain, Blind & Bedding Manufacturer
Sold
Business Description
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.
At a Glance
- Located 15 minutes from the CBD
- Manufactures, wholesales & retails
- Established in 1991
- Great reputation in the industry
- Operates 5 days per week
Simon Winter 0419 828 689
Extended Price Information
| Goodwill | $253,000 |
|---|---|
| Plant & Equipment | $2,000 |
| Stock at valuation (approx) | $40,000 |
| $295,000 |
Staff Summary
The business employs 4 casual staff with one vendor working in the business full time and the other working minimal hours from home. Everybody working within the business has variable hours and the business operates Monday to Friday.Lease Summary
| 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.