This profitable manufacturer of non-woven fabrics, wadding, doona fillers and filters is located in Geelong.
The products are mostly Australian fibres hand-selected by a specialist classer from sustainable farmers and Australian-made without bonding agents that still have a superwash classification.
Three key staff run the business autonomously with the vendor visiting once a fortnight. There is potential to put on more staff and more shifts.
Sales are over $1m with SAV approx $250k. Plant and equipment still have a 2nd hand value of over $1m today as estimated by the vendor.
Premise sale is optional at $6.5m (with other sub-tenants) or flexible lease options.
Some unique products are ready for further local and international marketing. There is an opportunity to break into major retailers as well as to manufacture furniture and doonas. Furthermore, there is white labelling for B2B sales.
While the business has an EBITDA of over $250k, the vendor is simply asking for SAV and equipment value for the business. The business is ready for growth but the vendor is genuinely retiring with his wife.
For further information, please contact us for an NDA and a quick discussion.
