68005 Established Engineering and Sales NEW ASKING PRICE
Asking Price: $1,000,000 + SAV
Plant & Equipment $850,000
Stock Value $510,000
Family Business that is 100% Australian owned, first established in 1956 and has been operating under the current owners since 1983. Being a preferred supplier for a large number of clients and the sole distributor for specialised wearing and bearing materials, the company has a certain future with growth potential.
- Suppliers to a large cross section of the market, this company has a secure and long term database with business coming from a regular base of;
Government bodies including defence, Queensland Railways, and power stations
- State and local government bodies
- Public companies
The company a distributor of:
Industrial brake and clutch lining
Wearing & bearing materials
Repeat and new business sources are generally via word of mouth, web site, recommendations and long established customers. Currently the owners have no plans in place for expansion due to their desire to retire.
- Sole agent for specialised wearing and bearing materials.
- Brake and clutch refurbishments and sales of friction material with virtually no competition in the Brisbane area.
- The company is also on the preferred suppliers list of many large hard to access companies.
- The company has trademarked the names of some of the key products they sell.
- Excellent Reputation.
- Shop full of Modern Machinery.
- Good stock holdings.
Huge potential in key markets for specialised products with an estimated potential turnover of $3.5 million in the docks and ports area, and more opportunity in the mining sector and sugar mills.
Current Owners are happy to stay for transition period.