Wholesale Manufacturer and Knitting Mill – Somerton Park, SA

Description

TURNOVER: $1.7M – $1.8M – LIMITED COMPETITION – NO SKILLS REQUIRED

This is a rare opportunity to buy a highly profitable, tightly held family business – established by the current owners in 1994.

Boasting strong ongoing relationships with its Australia-wide wholesale client base, the business enjoys an excellent cash flow – without overdrafts or additional financial assistance.

With limited competition in SA and Australia, the owners take a healthy income.

• Well established business with multiple years of trading history available
• Manufactures knitted products such as fabrics, socks, cheesecloth, rugby tops, school jumpers, cricket jumpers, vests and trims
• Australian agent for Mahaluxmi yarn and fleecy fabrics
• Excellent set up with nothing to spend – walk in and make money from Day 1
• Short lead times and flexible order sizes keeps the business competitive and superior to other suppliers and overseas markets
• Plant and equipment valued at $570,000 included in the sale
• All equipment is well maintained and is in excellent condition – no big ongoing maintenance costs
• Prime location in Somerton Park industrial precinct – Easy access and plenty of off-street parking
• 200amps power supply to building + 120 solar panels to reduce costs
• Nil marketing as the business supplies wholesalers not the public
• No prior knowledge or skills required – 6-12 months’ training available plus ongoing guidance and long-term support
• Perfect for an existing company – or enthusiastic young couple / partnership

New owners could increase revenue through advertising or hiring a salesperson.

Potential to boost online presence / sales – and establish direct customer relationships to increase profitability and margins.

PRICE BY ENQUIRY