Manufacturer – Profitable and Ready for Growth
This Sydney-based company is a manufacturer of fiberglass pools and spas since 2000. The company owns over fifty pool mould models with a replacement cost estimated to be seven figures. It sells a small number of pools to residential house owners directly. The vast majority of sales are through commercial pool installers (agents) in the NSW market with little spent on marketing.
- Business fair market value is $2.9M!
- Over fifty fiberglass pool and spa moulds, $3.65M manufactured in-house and $4.9M externally
- 2018 FY OTE = $450K EBITDA
- Located in the #1 pool market in the country
- Third Party Business Valuation Report avaiable upon request
- The warehouse is fully equipped with nothing to spend
- Potential to increase manufacturing output by 300% in current facility
- Great reputation and known for quick service
- Owns over fifty fiberglass pool and spa moulds
- Strong and long-term reveneue year on year
- Sells mainly wholesale to dealer agent accounts
- Wholesale is mainly all repeat business
- Sales: 90% wholesale; 10% retail
- Small number of employees
- Open a maintenance division
- Open an installer division
- Develop a franchise network
- Sell to more local retail including opening factory to weekend sales enquiries
- Expand sales channels to developers of housing estates, apartments, and other authorised pool dealers that serve major cities on the east coast of Australia
- Grow number of dealer, installer and wholesale accounts
- Improve internet presence and online marketing
- Implement dedicated sales team
- Export fiberglass pools to high-demand market outside of Sydney
- Move existing manufacturing facilities further out of Sydney saving up to estimated 66% on rent PA.
Greater Sydney, NSW
Market Currently Served
The majority of end clients are middle to upper class home owners that are serviced through authorised pool installers in the Sydney metro, NSW Regional and Victorian markets.
The company owns freehold the manufacturing facility, covering 9,548m2. The property can be included in the deal if desired for $6,500,000. The owner can proivde a flexible lease including exit if desired.
Shareholder/ Owner Objectives
Owner is retiring.
To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4232022#enquire-nowTo receive further information please complete the below registration: https://www.abbagroup.com.au?p=4232022#enquire-now
Annual Rent : $300,000 - Weekly Rent : $5,769
Annual Turnover : $2,400,000 - Weekly Turnover : $46,154
Annual Gross Profit : Not Disclosed - Weekly Gross Profit : Not Disclosed
Annual Ebit : $574,000 - Weekly Ebit : $11,038
Premise : New lease to be provided
Lease Option: 5 years
Total Land Area : 9548 Square Metres
Total No of Parking : 10
Franchise : No
Approximate Stock Value : $90,000
Year Established : 2000
Days Trading : 5
Staff : 4 Full Time - 3 Part Time
Staff Salaries : $330,000
Reason for Sale : Owner is retiring after many years in this business
Location : St Marys, Sydney
Business Potential : Exentive Opportuntiy to Grow Market Share via Wholesale Pool Agents and Direct business
Parking Comments : 10 cars - Plenty of parking available on site
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