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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