Pool Table Manufacturer with Substantial Recurring Rental Income Gold Coast
From small beginnings over 50 years ago, this business has grown organically to become Queensland’s leading manufacturer/supplier of Billard and Pool tables together with bespoke furniture primarily for the bedroom. Suppling both commercial and residential markets the business enjoys an independent revenue stream of recurring income annually in the region of $180k.
The premises, from which they have operated from since 2000, is approximately 234sqm plus a substantial mezzanine. The combination of experienced, long-term employees, a fully equipped factory and proven suppliers for outsourcing componentry has ensured the business is nimble enough to take advantage of changing market conditions and trends.
With an average annual turnover of $450k with a minimum of $250k in assets this business has consistently provided the owner with a comfortable lifestyle.
Justifiably proud of what he has achieved but ready to retire, the 80-year-old owner recognises that the business needs an energetic, social media savvy owner to deliver on its real, demonstrable growth potential. Potential that can be achieved with minimal financial investment just updating its online presence, harnessing the marketing power of social media and leveraging it enviable reputation.
The vendor is flexible on what the handover would look like and is committed to a successful transition to the new owner making this a great opportunity to be your own boss or an extension of an existing business.
$375K + SAV.
Eamonn Bicknell: 0452 321 954
Price: $280000
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