Steel Products Fabrication and Supply

Industry: Professional - Brokerage, Professional - Property/Real Estate, Professional - Brokerage, Professional - Property/Real Estate | Listed by: Business Brokers Network Australia


Key Strengths:


About the business

This is an excellent opportunity to acquire a steel supply and fabrication business, specialising in the supply of steel products for the home building and construction industry. Products include lintels, t bars, beams, columns and rods. Fabricated items include balconies, mezzanine floors, carports, stair stringers, portal frames, balustrades etc. It could be an excellent bolt on for an aligned company with an interest in entering this field and adding to their current product offerings or a business operation wanting to develop a stronger presence in Western Australia and this industry. It could also be suitable for someone wanting a stand-alone business in this industry which they could potentially grow and expand further. The business is of good scale with annual revenue for 2020/21 expected to be in the vicinity of circa $4m.

The business provides a high level of service to its customers by providing high quality, steel products at competitive prices with a quick turnaround. As the business maintains a large stock range, builders can access the products quickly, eliminating waiting times. As the business has been operating for many years, it has built up a clientele of repeat customers who they have good long-standing relationships with. These customers have been a steady source of ongoing work for the business. The business operates with approximately 10 staff, plus the Owner.

The benefits of this business include scope for further development, an established customer base, experienced staff and a good long-standing reputation with customers. The business has the necessary staff, vehicles, plant and equipment needed to run the business.

This is an excellent opportunity to acquire a manufacturing business specialising in steel products, because the business has been established for many years and has built a solid reputation as a quality and reliable operator in Perth.

Asking price:
Vehicles, Plant & Equipment $240,000
Stock (estimate) $1,180,000
Goodwill via Expressions of Interest

For more information and a Confidentiality Agreement, please contact:

David Screaigh 0409 113 814
Email david.s@businessbrokersnetwork.com.au

Catherine Jones 0409 104 655
Email catherine.j@businessbrokersnetwork.com.au
Know someone that could be interested in this?
Asking Price:
$1,420,000
Yearly Profit :

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Country

Australia

State

Western Australia

Suburb

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Postcode

6000

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Established on

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Advertiser Details
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

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