This Victoria-based carpet binding and overlocking business on offer is looking to sell 50% of its business, due to a partner retiring and find another business partner. The business specialises in diversified carpet services such as 50mm stair runners, carpet overlocking, binding, felt and foam binding, custom-made rugs, carpet samples, and carpet fringing.
The business enjoys stability with its long and profitable 53-year trade history. With one of the business partners looking to retire, they are in search of driven individuals with a passion for entrepreneurship to leverage existing business systems and maximise the business' growth potential.
At present, the business has a great place in the market, a strong annual turnover (c. $1M), long-standing commercial partnerships with carpet manufacturing companies, a loyal customer base and a high rate of referrals – but also has a strong vision and outline for future growth and expansion to other markets.
Why is this share acquisition a great business investment?
🔑 53 years of profitable trading history
🔑 First-time shares have been offered for sale with the business partner retiring
🔑 Well-established market position
🔑 Long-standing commercial relationships
🔑 Strong annual revenue approaching c.$1M
🔑 Scalable business with strong growth potential
🔑 Existing partner staying on providing stability and confidence
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