Automotive & Marine | Motivated Owners Prepared To Meet The Market

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Motivated Owners Prepared To Meet The Market

Otago | Ad ID# 3252
Industries  >  Automotive & Marine
Asking Price $1,395,000.00 Inventory $
Included in Asking/Selling Price
Gross Income $0.00 Real Estate $
Stock/Inventory value .00 Year Established NA
FF&E $0.00
Included in Asking/Selling Price
*
Employees




Business For Sale By
Chloe Belli

Contact the Seller
To inquire about this business for sale, click the "Contact the Seller" link below

  Website
Motivated Owners Prepared To Meet The Market

Just a few minutes north from Invercargill just off the Queenstown Highway is Lorneville Small Engines Ltd.

The business is producing a $260,000 surplus PA to two working owners and turnover is substantial at $1,343,418 for 2018; tracking at +7% on a YTD end of October 2018.

Established 28 years ago and now the “go to” place in Southland for all small engine equipment, the range covers mowers of all types and an extensive range of outdoor equipment. There is a large data base of customers and an excellent website to ensure ongoing business for servicing and equipment replacement.

Both husband and wife work in the business maintaining the very high standards and good customer relationships this business is recognised for. The wife works as Business Manager and the husband in the workshop, showroom and wherever needed. The team in place are stable and reliable and includes two small-engine mechanics and a business sales manager.

The business is nestled in an enclave of manicured lawns and gardens (2.4397ha) alongside the owners beautiful home which is included in the sale. The home was built in 2001 and upgraded in 2007 and includes four bedrooms an ensuite, double glazing a new kitchen/bathrooms and a lounge with doors opening to the North which overlooks gardens, lawns and pond which even has resident white ducks.

Asking Price is now $1,395,000 made up of $800,000 (plus GST if any) for the home (supported by a registered valuation) and $595,000 for the business which is a low multiple of 2.28 surplus.

If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BBS2267 , register your details and submit the online Confidentiality Agreement. Once Doug receives your expression of interest he will be in touch.

*Source of information - Supplied by the Business Owner.

Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2018.

General Information

Home-Based: Yes

Property/Location

Other Information

Reason for Selling: NA