Magnetic Furniture
About this opportunity
After 35 years of crafting high-quality custom cabinets to precise specifications for clients in Townsville and throughout North Queensland, the owner is retiring. This is an ideal opportunity for a woodworker or cabinet maker to step in, turn on the machines, and start work immediately. The turnkey sale includes all the required tools and plant and equipment, the building and features a large unfinished boat project thrown in to sweeten the deal.
The Seller is dedicated to producing quality workmanship and operates as the sole owner-operator of the business, taking on as much or as little work as desired. With over 35 years of experience, he has built a loyal clientele, which will be passed on to the new owner.
Business Story
The extensive list of plant and equipment included in the sale is meticulously serviced and maintained by the owner, who incorporates this work into his regular daily routine. Included in this equipment is a CNC machine that has been so well maintained that after 20 years it is accurate to 100th of a millimetre.
The property boasts two functional sheds and two undercover areas making up 450m2 under roof on approximately 835m² of land in the Garbutt industrial area of Townsville. It features multiple access points a separate air-conditioned office, and a concrete hardstand for easy deliveries. Additionally, there are two 6-meter containers and one 12-meter container on-site. The shed is equipped with three-phase power to support the equipment.
The accompanied boat project is a 14-metre power cat that has its own website https://www.magneticmarine.net/home which has the project progress monitored. This project consists of 104 panels with 98 of these panels already made but unfortunately this is now out of reach for completion due to the owners age and drive. The project allows for the boat to be built in sections & the completed sections are currently stored in containers on site, once completed It can be assembled on site with the back shed having the ability to easily remove the roof for the boat to lifted out.
Although the seller runs the business to suit his lifestyle there is no good will included in the sale as such as the owner is selling all plant & equipment along with the freehold property. The seller will further include his data base of his clientele for continuance and some tuition will be on offer for a changeover if required.
This opportunity offers an ideal setup for enthusiastic buyers looking to enter a turnkey cabinetry / woodworking facility at the same time owning a freehold property investment. If this prospect intrigues you, contact us today. Furthermore, the availability of motivated finance brokers through the Business Sales Group Network adds value by offering tailored finance packages to interested buyers if required. We are here to support you in exploring this exciting venture.
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Denny has a long career in all forms of business including Corporate Management with International and National FMCG organizations, with vast experience in the fields of Operational Management, Sales and Marketing Management, Franchise Business Management to Small Business Owner / Operator of Motels, Courier and Supermarket businesses.
In 2007 Denny saw the need for a good communicator with a strong understanding of business operation to offer a Business Broking service second to none. Denny's combined experienced gained over many years in the Corporate world and small business ownership has taken Business Brokering to new heights with with the Business Sales Group that includes NQ Business Sales, CQ Business Sales FNQ Business Sales and SEQ Business Sales, a very automated business utilizing technology to gain reach with unprecedented response in offers, time and product in the most professional manner.
Denny's focus is to satisfy Sellers and Buyers during transactions to deliver only good outcomes. In addition to this grow the business base and maximize the use of latest technologies to deliver a quality product.
Phil started his working career in purchasing with large and multi-national companies in Sydney.
A family relocation to Bowen in 1974 was the catalyst to owning his own business.
Phil has been in various businesses from Pest Control to Delicatessen/Takeaway and has for the last 39 years built a wholesale business that has served Bowen, Whitsundays, Mackay and the Coalfields, from 1 truck and himself to 6 trucks and 15 employees.
This has given Phil a very solid knowledge of the area from Bowen to Rockhampton and what it takes to thrive in business there.
Phil has a strong knowledge of business and business practices built through the process of growing his own business as well as time spent on State Franchise Council and dealing with the many changing government policies in those 39 years.
The process of selling his own business has shown Phil the real need for a locally based business broker, easily contacted and heavily focused on the Central Queensland area, which has led to his involvement in CQ Business Brokers.
