Business ID: BS------
Adj Profit incl Owners Wage $689.3k - Sale Price $1,950,000 incl Stock
Established 2006, North Deni Steel, has recorded year-year-on-year growth in previous 4 years supplying steel and hardware products to builders, farmers, construction, and residential buyers within a 150km radius of Deniliquin.
The owners work in the business, but it could be operated under management.
Income from previous 3 years FY19-21 has grown from $4.3m to $7.2m, with $698k profit incl. 2 owner’s salary.
Fy2022 profit to be in-line with an estimated income of $9m.
-Fy2021 – Income $7.2m – Profit $698k
-Fy2022 – Income estimate $9m
-Consistent income growth and profitability
-Investor opportunity to operate under management
-Well maintained equipment and vehicles
-Qualified & experienced employees
-Regional NSW, Deniliquin
-5 day week – Monday to Friday 6:00am to 5:00pm
-3-year lease until 2025 + 3-year option
-Operating on a property of 9,484 sqms; Buildings abt 2,000 sqms
-Products include many leading brand names
Terms of settlement: 10% deposit on signing contract; 90% balance on settlement
North Deni Steel is ideal for a buyer looking to own a profitable steel business and a lifestyle change, or an investor to operate it under management. It could be an ideal ‘add-on’ to an existing supplier or a complementary business for a construction company.
Staff are well trained across all aspects of the business with decades of experience working in the industry.
Asking Price: $1,950,000 including Stock, (est. $1,100,000)
