$450,000 + SAV ($200,000 approx.)
Known throughout the industry, this business has been serving the needs of stainless steel and metal fabricators in Adelaide for 49 years. Taking over from their father in 1983, the current owners will transfer a wealth of knowledge, skills and clientele to a new owner.
As a major stockist of discs, belts, safety gear, electric & air tools, industrial supplies and machinery from the trusted big name brands including Flexovit, 3M, Metabo, Bosch and Mikita, the business has long term clientele throughout the industry including Cavpower.
The business consistently shows yearly sales in excess of 3 million dollars with the warehouse operated by three employees in addition to the two vendors. Assistance with transferring long standing supplier arrangements is offered by the vendors helping ensure minimal disruption to trading.
The business will need to be relocated from the current premises. Ideally the new owner can relocate immediately, however the vendors are offering a lease package by negotiation in assisting with transferring to a new premises.
Paul Windle 0410 394 254
|Goodwill including Plant & Equipment||$450,000|
|Stock at valuation (approx)||$200,000|
|Current Rent||$75,000 per annum incl. GST|
|Lease Commencement||Date of Settlement|
|Right of Renewal||Nil|
|Outgoings||Paid by the tenant|