An Auckland engineering and manufacturing business that has been trading for over 20 years has come on to the market. The opportunity would be suitable for a hands-on owner-operator with industry experience.
The family-run enterprise is highly regarded and has built its reputation on its knowledge, expertise and the resources that go towards creating unique solutions.
The turnkey business opportunity enjoys growing revenue and profitability.
Serdar Kabul of Link Business Brokers, who has an engineering degree and has helped many business owners to exit their engineering businesses, is marketing the opportunity.
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“The manufacturing and engineering industry in New Zealand continues to have strong demand and growth.
“The business specialises in precision and general engineering, CNC turning, CNC milling and much more,” he says.
The long-established engineering and manufacturing business has many loyal clients include a number of market-leading blue-chip companies, with some relationships spanning over many years.
Revenue for the 2022 financial year ending in March was over $1.6 million with an adjusted EBPITDA of $500,000.
Both the revenue and profit are growing and a strategic new owner would have further potential for growth.
Kabul says, “The market position of this business is very strong and there are significant barriers to entry for competitors.
“Customer demand could support a further scaling-up of operations and opportunities clearly exist for a new owner to grow the business further.
“This is a well-established business with years of success.
“They have a customer list of over 100 companies holding accounts with the business.”
The engineering workshop, which in a strategic location in Auckland, has a highly skilled and experienced team, and the current owner is prepared to stay in the business to ensure a smooth transaction. “This gives the new business owner a chance to get on board with a minimal risk and learn the business through the transition period,” Kabul says.
Kabul says this is an opportunity to be part of a rapidly growing industry and operate a “go-to” enterprise with the ability to diversify revenue streams by increasing services in a range of areas.
“This is a business that provides a lot of value to the community.
“It would be tremendous joy for the owners to be part of the growth and expansion of this successful engineering and manufacturing business. It is on the market due to the owner’s retirement plan,” he says.
Contact: Serdar Kabul, ph 021 188 6144, email [email protected]
— Article supplied by Link
