A general engineering business in Auckland, specialising in steel fabrication, has been placed on the market.
This business has been in operation for over 27 years and offers a nationwide, high-quality, wide variety of sheet metal fabrication work from an extensive range of steel materials for the commercial and domestic market.
The materials contain, but are not limited to: aluminium, brass, copper, colour steel, galvanised steel, light structural steel, mild steel, perforated steel plate, panel steel, stainless steel, zincalume and more.
This successful manufacturer produces balustrades, brackets, pillars, walls, classic car and other vehicle parts, custom vehicle grilles, vehicle ute covers, dust extraction, punching, polishing, handrails, folding, hoods, saddle flashings, shop fittings, ventilation, welding and many other products.
Start your property search
Serdar Kabul of Link Business Brokers, who has an engineering degree and has worked with many engineering businesses, is marketing this opportunity.
“This is a well-established niche business," he says.
"There is not much competition in the area. They have a customer list of approximately 60 companies who hold accounts with the business.”
“This engineering business has historically had a revenue of over $700,000, leaving a cash surplus to the working owner of over $200,000. The business had a downturn in revenue in the last year due to the change of the owner’s personal circumstances and some pandemic impact.
"However, the business has the potential and the capacity to be back to where it was and go beyond. It is suitable for smart investors or an ambitious individual to take this entry level engineering business to the next level."
The price is through Expression of Interest (EOI).
Kabul says since the beginning of the Covid-19 pandemic, many companies are racing to create something different to stand out from their competition.
"Therefore, the demand for bespoke steel products seems to be trending upwards by those companies."
The engineering workshop has a highly skilled and experienced team and the current owner is ready to stay in the business to ensure a smooth transition.
“This gives the new business owner a chance to get on board with minimal risk and learn the business through the transition period where the current vendor is still actively running the business,” Serdar says.
It is located in a strategic location in Auckland and there may be an opportunity to purchase the land and buildings together with the business.
Kabul says this is an excellent opportunity to be part of a rapid growing industry and be part of the highly respected Kiwi engineering industry.
“This is a business that provides a lot of value to the community. It would be tremendous joy for the new owner/s to be part of the growth and expansion.”
Contact: Serdar Kabul, 021 188 6144 or [email protected]
- Article supplied by Link Business Brokers
