Well, established fully managed iconic business. $ 4.75 Million
Normalised profit in excess of $1 million
An owner looking to fully retire has created a unique opportunity for someone to purchase this well-established and highly profitable Auckland business.
This business was established over 35 years ago and shows a long history of solid sales & profits.
This business enjoys a well spread loyal customer base, stable staff, excellent cashflow and is recognised as a leader in its sector.
This business has also shown amazing resilience during the Covid restrictions, adapting and is in great shape going forward,
It is widely recognised that some of the best businesses were created by the so-called baby boomer generation and this is one of them.
This business would suit a wide range of buyers including someone wishing to invest in a business to operate / run, looking to add new ideas and opportunities to the existing skilled management team whilst earning in excess of $1 million or to investors looking for a fully managed business producing an above market return on investment.
Although this business has provided the owner with an enviable lifestyle and substantial income the time has come when he must finish his well-planned exit strategy and pass it onto someone else to add value and enjoy
This business continues to make similar profits each year with very little involvement from the owner over the last 3 – 4 years
The owner has requested strict confidentiality so Information will only be supplied to people who can show clear evidence that they can transact at this level and who have entered into a standard Link Confidentiality Agreement.
For further information please click ENQUIRE NOW and follow the process.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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