Large Scale cabinetry and Joinery business - Central Coast

Price: This business is already sold

Key Sale Highlights

Sales over $7.6M for EOFY2021
Adjusted Net Profit approximately $816,000 after owners wages for EOFY2021
Owners are retiring
Assets and improvements worth over $700,000
Freehold property is available for $2.4M or a long term lease with options

Proudly listed by Shane Fox

Business Overview

Buyers looking for a proven and reputable business of size and scale will be impressed. This family owned business has been around for over 20 years and still growing. The current owners have part time roles with a flexible roster and they take up to 12 weeks off per year. The head office location is a purpose built factory with offices, show room, customer car parking plus large side access for trades all located on the Central Coast. The business also has a satellite show room located in Newcastle. The business would ideally suit a buyer with building, cabinetry and/or joinery skills, perhaps a tradesperson or some-one with previous business ownership or General Management credentials. The business manufactures and installs one type of product with a huge range of options available and is well known for service, quality and offering the latest trends

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Confidentiality Deed Poll *

BACKGROUND

A. The undersigned is desirous of obtaining the Promising Information from the Prospected Business Owner.

B. The Prospected Business Owner will provide the Confidential Information to the undersigned on the terms of this deed.

C. The Prospected Business Owner has required the undersigned to execute this deed when the Prospected Business Owner will provide Confidential Information to the undersigned, prior to the Prospected Business Owner providing Confidential Information to the undersigned.

TERMS AND CONDITIONS

The undersigned agrees as follows:

That the Prospected Business Owner is the sole owner of such Information, and such rights, therein as are now owned or hereafter develop or are acquired by the Prospected Business Owner in connection with the Proposal Transaction and all Confidential Information derived to the undersigned.
That by receipt of such Information, by the undersigned from the Prospected Business Owner, the undersigned acquires no proprietary interest in the Information (and where the term "Information" is used in these conditions, it means the information not already in possession of the public).
That all such Information received by the undersigned from the Prospected Business Owner or from others who advise the Prospected Business Owner, both written and verbal, furnished to the undersigned by the Prospected Business Owner, is by its nature and is considered Confidential Information, and further will be provided in confidence and is to be held by the undersigned and used by the undersigned only at such time that the undersigned is considering the Proposed Transaction.

In the event that, unless the contract becomes effective, the Information is herein, confidential information, then all such Information and the terms of this Deed are subject to the confidentiality provisions of such contract, and

Will use the Information exclusively for the purpose of evaluating the Proposed Transaction, or if pertaining to the other party of the relationship of the Prospected Business Owner with the undersigned, only through the process of evaluating the Proposed Transaction or at present for the world doing contract1.
In written form is WRITTEN/SIGNED/SENT electronically if Vendor & SIGNED BY the undersigned clause C/P:

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