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Long established (1975) high margin niche market business with exclusive agencies, small staff and impeccable financials.
EBITDA profit (after management costs) for the first six months of tax year 2012 was $1,167,595 (average annual profit since 2009 has been $1,477,584pa).
Unique opportunity to acquire 50% of this dynamic company with a very strong order book and competent staff in place.
Exiting partner acts in an administrative capacity, remaining partner is from a trade background with extensive industry experience. Staffing includes a dedicated project manager.
Asking price of $2.1 million for a 50% share in the business which, based on the average profit since 2009, should provide an incoming partner with a profit in the region of $750,000pa after factoring in $120,000pa in either wages to the incoming partner or to employ a replacement General Manager.
Unique opportunity that won't disappoint.
For more details please contact Miles McNaughton on 0414 813 096 (Gmo Ref 5179).
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