Wholesale Manufacturer and Knitting Mill – Somerton Park, SA

Business ID: XB154499

TURNOVER: $1.7M - $1.8M - LIMITED COMPETITION – NO SKILLS REQUIRED

This is a rare opportunity to buy a highly profitable, tightly held family business – established by the current owners in 1994.

Boasting strong ongoing relationships with its Australia-wide wholesale client base, the business enjoys an excellent cash flow - without overdrafts or additional financial assistance.

With limited competition in SA and Australia, the owners take a healthy income.

· Well established business with multiple years of trading history available

· Manufactures knitted products such as fabrics, socks, cheesecloth, rugby tops, school jumpers, cricket jumpers, vests and trims

· Australian agent for Mahaluxmi yarn and fleecy fabrics

· Excellent set up with nothing to spend – walk in and make money from Day 1

· Short lead times and flexible order sizes keeps the business competitive and superior to other suppliers and overseas markets

· Plant and equipment valued at $570,000 included in the sale

· All equipment is well maintained and is in excellent condition - no big ongoing maintenance costs

· Prime location in Somerton Park industrial precinct – Easy access and plenty of off-street parking

· 200amps power supply to building + 120 solar panels to reduce costs

· Nil marketing as the business supplies wholesalers not the public

· No prior knowledge or skills required – 6-12 months’ training available plus ongoing guidance and long-term support

· Perfect for an existing company - or enthusiastic young couple / partnership

New owners could increase revenue through advertising or hiring a salesperson.

Potential to boost online presence / sales – and establish direct customer relationships to increase profitability and margins.

PRICE BY ENQUIRY

Property Code: 4064

For more details, please email broker or call agents.