North Shore Goldmine - Cash Surplus Over $500,000
- Proposed Usage
- Property ID
Food related manufacturer with substantial sales growth in the last financial year to $1.57M, and growing at a significant rate this year. This is due to a booming sector and working with key clients to develop bespoke products, packaging and labeling solutions. Key strengths of the business are that they produce healthy, natural, unique products for their customers and they are very adaptable in getting ideas into production.
The business is set up to manufacture so much more, with huge potential both here in New Zealand and export markets worldwide. With a good lease and a low rent, this business has a low overhead structure. With key staff employed on a FT basis, as well as casual staff and a consultant being used on a PT basis. A cash surplus of $505,533 was recorded in the accounts to a working owner last year and this is set to grow again this year.
Having developed a brand and trademarked it in NZ, they have an e-commerce website which has a very small range of products currently. This is ready for a new owner to expand significantly as there are products already developed to slot into the range. Time constraints and personal circumstances of the vendor have changed and therefore this unique business becomes available for the first time.
With key operational staff in place the business would be suited to someone with GM or a Sales and Marketing background, in order to drive and develop the business and the brand to the next level.