Furniture Manufacturing 

$500,000.00 Tax includes

Western Sydney

SKU: FQ1107 Category:

Description

General Description
Manufacturing business providing re-upholstering and custom furniture. – Core business is to manufacture and supply Australian made premium sofas, lounges and couches to major Australian retailer clients such as John Cootes, Harvey Norman etc. – Production is over 3,000 pieces per year. – Also provides service in the re-upholstering of sofa and furniture for customers. – Demand exceeds production capabilities so the new owner can expand facilities and improve profits. – Turnover approx. $2m per year.

Potential
Expand into other custom made furniture beyond sofa, lounges and couches – Potential to grow the re-upholstering business to meet public demand – Currently no marketing or promotion. – Can improve exposure and sales with marketing.

Features
Profitable niche market to meet demand for premium Australian-made furniture. – Very few competitors in NSW -Established for 20 years – Strong relationships with large retailers – 5 days

Premises
Two level premises comprising of warehousing space, office and a sewing room with a total area of approx. 400 m2.

Location
Situated in a light industrial area in the Western Suburbs.

Suburb
Western Sydney (Hidden)

Trading Hours
5 days – Mon. – Fri. – 8:00 a.m. – 6:00 p.m.

Lease
Vendor is landlord. – A new lease is available to suitable buyers.

Sale Reason
Retirement

Employees
1 owner + 8 casuals

Comments
Premises are not open to public. – Buyers are required to make an appointment for inspections. – Rare opportunity.- Asking price does not include the freehold. – Vendor will consider selling the freehold with the business if buyers are interested. – Vendor is willing to provide training. -Misc.- 1 – refers to GST & other tax payments. – Misc.- 2 – refers to office supplies and other miscellaneous costs.

 

Figure Display Type Regular
Weekly Takings $40,000
Cost of Goods $20,000
Gross Profit $20,000
Rent $1,000
Outgoings $
Wages $8,000
Telephone $25
Insurance $60
Electricity $60
Gas $
Misc 1 $400
Misc 2 $100
Total Expenses $9,645
Nett Profit $10,355
Price $500,000
Estimated Stock $100000
(Additional)
Equipment $
(Included)
Residence 0
Premium no
Undisclosed no

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