Sale Price: $750,000 + GST
Annual Revenue: $1,429,838
EBPITDA/Cash Surplus: $618,506
Business Category: Manufacturing
Business Sub-Category: Engineering
Location: Auckland
Broker: Jordan Larsen
Are you looking to take the reins of a well-established engineering business with repeat clientele in the heart of Auckland? This is your opportunity to acquire a thriving enterprise with a strong track record and solid financial performance. With an impressive annual revenue of $1,239,657 and an EBITDA of $539,506, this business is primed for continued success.
Key Features:
- Established Reputation: This engineering business has built a sterling reputation for its quality work, reliability, and dedication to client satisfaction since it was founded in 1985.
- Key customers: With a loyal customer base for which the business holds significant intellectual property, you can expect to inherit a steady stream of work from its repeat customers.
- Key Personnel: The business has a small team of highly skilled and experienced machinists, including two working owners who are prepared to continue their work within the business for a period following the sale to support the new owner and facilitate the transition.
- Prime Location: Located in Auckland, New Zealand’s economic hub, you’ll benefit from being in a strategic location with access to numerous manufacturing businesses nearby and a flexible lease scenario, meaning you could look to relocate this business to merge with an existing engineering operation or create a new lease to continue at the current location. All options are possible by negotiation.
Financial Details:
- Annual Revenue: $1,429,838
- FY2024 EBITDA: $539,506
- FY2024 EBPITDA – $618,506 (based on a single working owner)
- Stock & Materials $110,000 (+/- 15%) Included
- WIP $50,000 (+/- 15%)
Opportunity:
This is an ideal opportunity for an existing engineering business to acquire the assets of the business to improve their company’s growth and a significant return on investment. The business would also suit an individual or investor with a background in engineering or a passion for the industry. Whether you want to expand your existing business or start a new venture, this acquisition provides a solid foundation for growth and prosperity.
Reason for Sale:
The current owners are seeking to transition into retirement and have decided to pass on their legacy to a new owner who can take the business to new heights.
Don’t miss this chance to acquire a profitable engineering business in Auckland. Take the next step toward business ownership, and contact us today for more information. Act quickly to secure this rare opportunity
