89 Conlan Street, Queenstown TAS 7467

$2,500,000

Premier Mining Services & Mechanical Engineering Business

The Opportunity
Established in 1993, Setori Engineering is a highly successful mechanical engineering and mining services business with a reputation built over three decades. Operating as the only workshop-based engineering business on the West Coast of Tasmania, it benefits from a highly defined catchment area with virtually no local competition.

The primary revenue stream centres on the repair and supply of underground dewatering submersible pumps for regional mine sites, working as a key service partner to a major global pump manufacturer.
Key Business Features
Unrivaled Local Position: No comparable local alternative exists for regional mine sites, protecting the business from northern Tasmanian or mainland competitors who face heavy travel and freight barriers.
30+ Year Client Relationships: Long-standing, stable relationships with local tin, gold, and base metal producers drive consistent word-of-mouth and repeat purchase order volume.
Self-Funding Trading Cycle: Outstanding cash flow structure allows the business to collect client payments before settling parts invoices, completely funding daily operations from its own trading.
Debt-Free Assets & Equipment Included: Sold fully unencumbered with an extensive base of vehicles, machinery, and fitting/fabrication equipment valued significantly higher than current output demands.
Passive Ownership Structure: An experienced operations manager and five qualified workshop tradespeople handle 100% of the daily operations. The retiring owner has worked outside daily operations for the past 5–6 years, contributing only a few hours of high-level oversight per month.

Immediate Growth Potential
The business currently operates on a relaxed 4-day schedule (Monday to Thursday). A motivated new owner has immediate, unworked avenues to scale up by re-entering regional maintenance labour hire, expanding metal fabrication services, utilising idle machinery capacity, or introducing pump hire and municipal water authority servicing.

Property Details

• Tenancy: Vacant