Established in 2017, this Wellington based business has grown into a market leader, consistently increasing both revenue and profit. With 3 full-time employees and a part-time owner, it generated over $1 million in revenue in the 2024 fiscal year, with a normalized EBITDA of nearly $280K.
A key driver of this success is the vendor's $550K investment in advanced digital CNC equipment over the last 2-3 years, boosting product precision, production efficiency, and reducing dependence on skilled labour.
The customer base is primarily local, with 70% of sales from retail and 30% from cabinet manufacturer partnerships. This diverse business model delivers high profit margins and reduces reliance on the real estate market. Despite challenges in the market over the last two years, revenue has continued to grow steadily.
Highlights:
- FY24 revenue: $1,013,784 and normalised EBITDA: $279,131
- Quality customer base
- Owner willing to offer transition support as needed
- Equipped with advanced machinery
- Steady growth over time
- Exceptional Google reviews
- Limited competition in the Wellington area
- Strong brand recognition and established reputation
- Dedicated staff
- No extensive experience required for the purchaser
- Well-established supplier relationships
- An established business website that plays a crucial role in daily operations
Asking Price: $580,000 + Stock (approx. $60,000)
Please complete the online confidentiality agreement by visiting the link - https://www.kauribusiness.co.nz/business-for-sale/157/ Post executing the NDA, we will be in touch to understand your business experience and financial position.
Jane Gu
Email:
[email protected]Mobile: 022 0280891
WeChat: gxj844560899
Khushdeep Sharma
Email:
[email protected]Mobile: 022 3738555
Kauri Business Sales (Licensed REAA 2008)
