Western Suburbs
NSW
$390,000
Picture Framing - Manufacturing - CommercialPrice: $698,000Net Profit: $5,000 |
Visit this listing at https://www.sbx.com.au/business?id=FQ1131F |
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Business Code: FQ1131F Key Features: Picture Framing 33 yrs same owner City Fringe Syd Nett $5,000 pw - Corporate State: NSW Location: Convenient location near major road and bus-stop in the Inner West. DescriptionManufacturing of commercial picture framing which specialises in all kinds of framing services to corporate customers - no retail customers. - Corporate customers include large hotel chains, art galleries, interior designers, government, agent intermediaries etc. - Uses high quality, fashionable frame mouldings that is trending or in fashion. - High profit margin and profits per order. Stock of $300,000 is included in the selling price .Owner will stay on for one year after the sale to give assistance for a smooth transition . Summary
Weekly SummaryWeekly Takings (inc GST)$23,000Cost of Goods$8,000Gross Profit$15,000Rent$3,000Wages$6,300Telephone$20Insurance$400Electricity$200Misc1$80Total Expenses$10,000Equipment (Included)$150,000Net Profit$5,000Price$698,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Picture Framing - Manufacturing - Commercial
Business Code: FQ1131F
Price: $698,000
Key Features: Picture Framing 33 yrs same owner City Fringe Syd Nett $5,000 pw - Corporate
State: NSW
Location: Convenient location near major road and bus-stop in the Inner West.
Description
Manufacturing of commercial picture framing which specialises in all kinds of framing services to corporate customers - no retail customers. - Corporate customers include large hotel chains, art galleries, interior designers, government, agent intermediaries etc. - Uses high quality, fashionable frame mouldings that is trending or in fashion. - High profit margin and profits per order. Stock of $300,000 is included in the selling price .Owner will stay on for one year after the sale to give assistance for a smooth transition .
Summary
- Features: Strong reputation in niche market - Solid list of customers with medium to large orders- Excellent margin - Established 31 years. - Not currently open to the public.
- Potential: Currently no retail - Opportunity for retail shop front to attract walk-in and retail customers - No website, social media, marketing or business development. - Can use digital & other marketing to drive more revenue.
- Premises: Light industrial site of 400 sq.mts.
- Trading Hours: 5 days - Mon. - Fri. - 8:00 a.m.- 4:00 p.m. - Closed public holidays & 4 weeks over Xmas. -Flexible hours may be required subject to work flow and orders.
- Lease: Current lease expires April, 2021 + 3 year option. - Annual increase 3%. - Bond $20k.
- Employees: 1 owner + 6 fulltimers
- Sale Reason: Retirement
- Comments: 2017 turnover was $1.15m. - 2018 turnover is $1.2m. - Vendor expects to achieve $1.3m turnover in 2019. - To organise a meeting or visit please contact your broker. -
Wages includes super. - Insurance includes Workers Comp. - Misc.- 1 - refers to supplies, maintenance, office admin costs etc.
Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.
Weekly Summary
Weekly Takings
(inc GST)
$23,000
Cost of Goods
$8,000
Gross Profit
$15,000
Rent (ex GST)
$3,000
Wages
$6,300
Telephone
$20
Insurance
$400
Electricity
$200
Misc1
$80
Total Expenses
$10,000
Equipment (Included)
$150,000
Net Profit
$5,000
Price
$698,000
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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.
