Property Details


ID: 398111


Massive price reduction. Kapiti Gold Mine

Kapiti Gold mine

The Business is running strong, and the vendor's motivation to sell is getting stronger, so he has SLASHED $50,000 off the price.

Every morning my vendor gets up he looks at the ocean, the fishing boat and the business and something has 'gotta go". And that presents.opportunity

Humour aside, my vendor has had this Service/retail business for over 25 years and in that time it really has been a gold mine, the last three years showing EBITDA in excess of $100,000. And the thing is that he pretty much 'runs the fat man's track' to make that. He picks and choses the work, based on the ocean swell and maybe other factors as well.

The business runs from a commercial site in Kapiti with one staff member.

The business operates in a niche retail service area, and while some trades skill and understanding would be useful there are no sign offs required.

Going forward the business has genuinely strong growth drivers and there is reasonable expectations that in the right hands the revenue this business generates could be significantly increased.

The business would suit someone who is comfortable in a tradesman environment and or strong administrative, sales and team leading skills.

Summary is that if you are looking for a business that has a good market presence with real growth drivers, to set yourself up in ten years, have good common sense, hard work and focus are a given, then opportunities like this are rare.
Asking Price $127,000 plus Stock ($77,000)