Profitable 34-Year Steel Manufacturing & Distribution Business in Noosa

Description

Business type: building materials manufacturing and supply

Location: Noosa, Queensland

Trading history: more than 34 years

Annual sales: more than $2.2 million

Reported annualised sales growth: 25–30%

Operating model: family owned and owner operated

Business overview

Established manufacturing and supply business providing building materials to customers across Southeast and Wide Bay Queensland.

Trading performance: highly profitable

Cash flow: strong

Fixed overheads: very low

Customer base: established and expanding

Products and manufacturing

Product range: building materials

In-house manufacturing: approximately 50% of products

Remaining products: sourced through established distribution agreements

Business activities: manufacturing, distribution and direct sales

Service area

Northern coverage: Maryborough

Southern coverage: Brisbane

Business base: Noosa

Plant and equipment

• 4 heavy-duty steel rolling machines
• 2-tonne gantry crane
• 3.5-tonne forklift
• Company vehicles
• Additional plant and equipment

Estimated capital required to establish a comparable operation: more than $1 million

Operations

Current operators: husband-and-wife team

Casual staff: available as required

Average working commitment: approximately 4 days per week per owner

Trading hours

Monday to Thursday: 7:00am to 4:00pm

Friday: 7:00am to 12:30pm

Financial performance

Annual sales: exceeding $2.2 million

Reported annualised sales growth: 25–30%

Profitability: high

Cash flow: positive

Growth

• Expand manufacturing operations
• Increase production capacity

Reason for sale

Current owners are moving on after more than 34 years of operation.