Lonsdale SA 5160

$565,000.00

Well Established Powder Coating Company – Lonsdale, South Australia

Phone enquiries - please quote property ID 21510

Do you want to be your own boss? Because the owner is looking to retire. This business was advertised at $600,000 in July of this year. The owner is serious about this!

Fantastic opportunity to acquire one of SA’s leading powder coating businesses.

With over two decades of experience powder coating metal items such as aluminium extrusions, cast steel and aluminium, architectural residential fittings such as doors, windows, screens and balustrades, car and bike parts, and aluminium and steel fencing.

Offering a pick-up and delivery service to selected clientele, enforcing green working procedures and licensed by the Environment Protection Authority. Every day our truck and utility, which come with the business, are transporting materials to/from clients around Adelaide.

A large solar powdered workshop with custom plant and equipment, featuring a 5-step chromate bath system to comply with Australian Standards 3715:2002, which we test for every year. Boasting a 7M natural gas oven and 3 booths allowing for multiple colour processing at any one time. Currently paint up to 40 colours per day, allowing our customers to re-order in high quantities, and fitting with our continuous delivery schedule.

This multidisciplinary business also includes a fully compliant and licenced garnet blasting unit, housed in a 40 foot shipping container. Allowing us to offer a complete service for the restoration market, being one of the few businesses in the southern area that do garnet blasting, the blast only customers are growing all the time!

The business currently employs six well trained staff to assist the owner/manager.

Experience is not essential, the current owner is willing to assist the new owner during transition, if required.

To suit an owner/operator or integrated with an associated industry. However, the business also has the ability to be operated under management if the buyer is looking to purchase as an investment.

The accountant tells the value of a business is calculated at three times the net profit. Our net profit for 2018/19 will be in excess of 225k and we’re continuing to grow. So, please do the maths! This is an opportunity not to be missed, call today for more information and to arrange an inspection.

Form 2 and other financials available on request.

Mon – Fri: 8.00am - 4.30pm

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