08 8361 3074

Curtain, Blind & Bedding Manufacturer

$255,000 + SAV ($40,000 approx.)

Business Description

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

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

Extended Price Information

Goodwill $253,000
Plant & Equipment $2,000
Stock at valuation (approx) $40,000

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
Current Rent

The property is owned by the vendors and a lease will be offered to the purchaser on the above terms.

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