A business you can own without working in it every day is hard to find, and this Northland engineering business is ready for exactly that.
With retirement on the horizon, the owner is ready to pass the business on, but is happy to stay on as general manager for up to two years, or to train a new owner or manager.
Alternatively, a new owner could reinstate the workshop manager role. The business has run with one before, and two senior technicians already run the workshop when the owner is away and could take it on full-time.
As for the business itself, it has served Northland for over 20 years, maintaining, repairing and fabricating for heavy vehicles, machinery, equipment and structures. Most of the work is repeat, with corporate fleets, councils and commercial operators returning on regular service and inspection cycles, and no single customer more than around 15% of revenue.
It was built by an owner from a corporate background, so it runs on systems rather than one person's trade skills, and gross margin has climbed from 32% to 44% in three years.
Asking price $1,700,000, incl $140k plant & equipment and $50k stock.
If you are interested and would like more information about this business, please visit the Barker Business Brokerage website, search reference number 4067 and submit the online Confidentiality Agreement. Once Joel receives your expression of interest, he will be in touch.
*Source of information - Supplied by the Business Owner.
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