WA

Property Description

• LEADING IN REPAIR, FABRICATION
• ISO "QUALITY ASSURED" SERVICES
• SAFETY DRIVEN REPEAT DEMAND
• BUILDING AREA 1800 Sqm

It is a great pleasure to present this reliable, highly profitable business. I advised the owner regarding its value, prior to acquisition in 2013. Having such an intimate understanding of trading history assures a high degree of commercial confidence in again recommending this to the fortunate entrepreneur, or a corporate seeking growth, in a rarified busy, engineering space.

Since acquisition, the owners' clear strict protocols have maintained the highest of standards in finishing all ISO and other, bespoke projects. The mantra is "do it right the first time, the second time may be too late. During the past [3] financial years a fantastic super profit and two fine "well anticipated high profits" were logged.

This is noteworthy, considering but notwithstanding Covid and Ukraine led logistic issues, which were challenging, but particularly well, and readily, surmounted.

The client list is a who's who of mining companies, and recently includes a formally agreed contractual service, providing an ideal diversification, into the Agri-sector.

If you already provide mechanical or engineering services to W.A. miners this may be synergistically fortuitous, given economies for an even better, "one stop shop". There's no catch, just upside. The owners accept they are idling toward retirement, yet they look forward to a younger dynamic team, capitalizing on their exceptional reputation. An improvement to current technical efficiencies will enhance revenue.

Benefits of operating from a new premises [as feasible] and an up-skilling of staff to processes crucial modification and repair work locally, will add great value.

Many customers enjoy the convenience of local expertise and services, rather than suffering long lead times, for imported "original brand" attention, to similar work.

The value proposition is a proven 3 year average adjusted EBIT of $1.22m including one super profit [FY21 of $1.73m] which was well above, the "mooted budget".

From a synergy perspective, capable in-house staff can oversee operations for the investor seeking an "under management" business model.

The owner will enhance transition over an agreeable timeframe, so substantial WIP is completed, whilst introducing you to key clients and their management.

Your expression of interest is invited, and I encourage early registration to review our information memorandum. I have investors anxiously awaiting this opportunity as many missed acquiring a similar larger business just sold.

Our detailed I.M. is only available to signatories of our REIWA Confidentiality Deed.

Call Ian Sargison on 0417 991 910 or you may Email, ian@agoraproperty.com.au.

For more information or to arrange an inspection, please contact us today.