Specialist fencing manufacturer
Sold
Business Description
- Leading manufacturer of period fences in SA
- Operates with a small team of 4 staff
- Trading for over 30 years
- Returning a working owner approx. $200,000 p.a.
- Located close to the city in the Eastern suburbs
Simon Winter 0419 828 689
Extended Price Information
| Goodwill | $271,000 |
|---|---|
| Plant & Equipment (approx written down value) | $4,000 |
| Stock at valuation (approx) | $50,000 |
| $325,000 |
Financial Summary
| Year | Sales | Return to Owner | Return on Owner's Investment | Return to Investor | Return on Investment |
|---|---|---|---|---|---|
| 2013/2014 | $602,87 | 167,580 | 51.56% | $107,580 | 33.10% |
| 2014/2015 | $640,464 | $194,18 | 59.75% | $134,183 | 41.29% |
| 2015/2016 | (annualised) $831,634 | $340,412 | 104.74% | $280,412 | 86.28% |
Staff Summary
One full time working owner, one full time staff member, one subcontractor and two casual staff.Lease Summary
| Current Rent | $15,000 + GST per annum |
|---|---|
| Lease Term | 2 years |
| Lease Commencement | Settlement date |
| Outgoings | Paid by the tenant |
| Adjustments | CPI annually |
The current vendors own the property and while there is no existing lease they do pay themselves a non commercial rent. The vendors are prepared to continue with a non market rent for up to two years to allow the purchaser a suitable period to relocate the business.