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19 Glanville Drive Kilmore, VIC 3764

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For Sale

19 Glanville DriveKilmore, VIC 3764

Warehouse, Factory & Industrial
Sale Price

P.O.A.

Floor area

590.0m²

Car spaces

8

Property extent

Whole

Tenure type

Vacant Possession

FREEHOLD COMMERCIAL PROPERTY WITH BUSINESS, SPECIALISING IN GLASS PRODUCTS

Phone enquiries - please quote property ID 20568

THE FREEHOLD

Industrial Premises of 1200m2 land, 590m2 Telfords Colourbond Factory, fully concreted driveway & 8 bay car parking, fully fenced, full container height roller door, air conditioned showroom, offices, mezzanine floor, caretakers room, boardroom, toilet, shower (photos included).

Owner has a preference to sell together with the business but is open to considering the sale of the business only with a lease in place.



THE BUSINESS:-

Fast@Pty Ltd is now on the market for the first time as owners are seeking retirement. This productive and profitable business is ripe for huge expansion and growth.



PRODUCT:

1. Frameless & Semi-frameless shower enclosures
2. Glass Splashbacks for walls (kitchen, laundry etc)
3. Frameless mirrors
4. Frameless & framed sliding robe doors & internal shelving/drawers.



STAFFING IN PLACE

One person sales team selling mainly to trade but also retail - huge scope to expand here.
One person fulltime plus 2 part time subcontract installers



The business was initially set up to enter the Franchising sector and could still be achieved. It has its own registered Trademark and other I.P. both at product & operational levels.

The business has developed a fast track way of delivering and installing frame less glass shower screens into its own proprietary wall fixing putting it at the top of the industry for lead time and allows a wide price range to be applied as necessary to lock away projects or huge mark ups on retail sales.

Fast@Pty Ltd has also designed and developed its own proprietary aluminium section for sliding robe door applications and have recently deployed it into the market place with its own proprietary door paneling, our glass comes packaged and branded also;

has well-established supply chain at both the local and international levels and have been importing for well over 10 years from reliable manufacturers in China a $30-$40k order of glass & aluminium from China sees us out for approx. 12 months trading plus some local product where necessary

The business is continuing to design and develop new materials to enhance our I.P. and to vastly reduce the costs of local content and increase our market share and bottom line.

Our product and services have taken us into the multi-level apartment development market which we have just scratched the surface of in the last 2-3 years and this has produced the best returns for the least effort.

The business currently operates on 3-4-day basis per week due mainly to other interests and it offers so much more to any purchaser who can see the time & money already given to it and the potential that lies within it.

Owners would be willing to stay on for a 3-month period (Tue-Thurs) to hand over and teach the purchaser/s how to operate the business properly and we would do this F.O.C. if sold at our asking price. The offer of 3 months (F.O.C.) to assist in handing over business would expire on any sale after 1 July, 2019.

Owners earn a combined $150k P.A. (before tax) plus have 2 vehicles for our daily use and whatever profit shows. The figures have dropped off over the last year or so as we have been content to make do to cover our wages and expenses which provides us longer breaks between projects and to do the other things we enjoy in life now, it is time to move the business on to someone who can see the potential and take it to greater earnings.

All financials and ATO obligations are up to date and the business operates free of any overdraft and only have the vehicles leased.

Total Freehold and business price $1,115,000 + SAV (Approximately $40k

Business Only - $395,000 + SAV

A modest price for such a profitable business and good freehold property).

Property ID: 503056798Last Updated: 14 Sep 2019

1300 *** ***
19 Glanville Drive
Kilmore, VIC 3764

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19 Glanville Drive Kilmore, VIC 3764

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