After 34 successful years in business, we are offering the opportunity to acquire a well-established and highly regarded company that specializes in Right Hand Drive steering conversions, spare parts, and a comprehensive service department. This is a rare chance to own a business with a trusted brand and strong presence in the industry.
Key Highlights:
* Established Reputation: Operating for 34 years, this business is widely known and respected, with a loyal customer base and strong industry connections.
* Location Advantage: Situated in a prime location where a similar facility in a large city would be cost-prohibitive.
* Limited Competition: Only two significant competitors, both based in the Melbourne area. The market is large, and everyone is fully booked, meaning there’s no direct competition for current workload.
* Skilled Workforce: Approximately 64 experienced staff including engineers, machinists, mechanics, service personnel, and salespeople. Many long-term employees bring exceptional skills and knowledge to the company, especially in steering conversions.
* Room for Growth: There is significant potential to improve the business, especially in social media marketing, which is currently underutilized. The Facebook page is in place, but there is vast room to increase brand awareness and drive business through other platforms.
* State-of-the-Art Equipment: The company comes with valuable assets, including CNC machines, a laser cutter, hoists, and other specialized equipment to streamline production and further enhance capabilities.
* Diverse Revenue Streams: Aside from steering conversions, the business also sells vehicles and spare parts, with listings on Car Sales. Have been a trusted OEM dealer and there are opportunities to expand on this front.
* Profitability Potential: With some adjustments in operations and system optimization, there is room to increase overall profitability. A potential buyer can capitalize on streamlining processes and scaling the business further.
Why Buy This Business:
* Well-Known and Trusted Brand: Reputation for quality and service is a key selling point.
* Strong Staff: Experienced team in place, with limited need for additional recruitment.
* Endless Potential for Growth: From enhancing the engineering side of the business to becoming an OEM dealer once again, there’s no shortage of opportunities to grow.
* No Immediate Competition Threat: With both competitors fully booked and our strong position in the market, you can continue to thrive without direct pressure from rival businesses.
This is a rare opportunity to acquire a business with proven success, an established brand, skilled staff, and an industry-leading reputation. Whether you are looking to build upon a legacy, improve efficiencies, or expand into new markets, this business offers a solid foundation for future growth.
Contact us today for more information and to arrange a viewing.
