Established 1988

* Listed with our Port Macquarie office is the following business :-
Mid North Coast's largest manufacturer of stainless steel and aluminium balustrades, balconies, pool fences and specialised steelwork.

The current owners have had the business around 6 years and have worked hard to increase their customer base, areas of operation and work place efficencies. Highly skilled staff and management enables this business to run profitably with minimal supervision from owners.A hands on owner would see excellent returns.

The premises were enlarged and streamlined a couple of years ago to comply withOH&Sguidelines, providing an excellent modern and safe work environment with good office, and other amenities plus showroom and mezzanine areas.

This business is and continues to remain the leader in its field in the region and excellent examples of their work can be seen on most major developments and quality housing in the area.

The owner and his family, who have worked extremely hard to establish their business and its premier position on the Coast, are now travelling and taking a break from the business. To this end, they have appointed and trained a manager from within the business who, business sold or not, is capable of running and managing the day to day operations of the business - allowing the owner to travel for the next couple of years while retaining an income. With this new structure a new owner has many options - run the business "hands-on", run in a consultant/ marketing mode or simply remain an investor overseeing the operations from time to time.

The owners would prefer to retain the freehold factory and offices, which he constructed to suit the business and offers a long lease to the new business owners at most reasonable rates, or alternatively, offers the freehold at a realistic market rate.

The business has in the past operated with staffing levels up to 22 in busy periods. This level currently sits at 5 plus the owner.A recent restructure of the business has seen the profitability of the business increase with staffing levels reduced and volume of business remaining constant

Vehicles are in as new, mint condition as the owner takes great pride in the presentation of his business. All the latest workshop equipment is also in first class order.A full list of plant & equipment will be supplied to genuine purchasers.

Turnover for 2004/5 aprox $700,000pa. reflects the decline in real estate activity.
Current turnover in excess of $100,000 per month.
Net Profit aprox 25%.
Plant & Equipment exceeds $200,000.
Stock (Est $80,000) included in the purchase price.
Work booked in advance generally runs at around $120,000 per month.
Room for expansion of premises and option on freehold available.

This is a major regional business in one of the fastest growing areas ofNSW & Australia. Opportunities like this are rare and should not be passed over lightly.

As an additional bonus there is a second business included in the price. This business repairs and manufactures aluminimum boats and supplies most ships chandlery items. This business is not actively promoted due to the work load of the primary business but if promoted, allows good opportunities for diversification and further growth.

ASKING PRICE : $580,000 W.I.W.O.