Blacktown

This well-established business based in Sydneys Western Suburbs. It is a toolmaking business that specialises in producing moulds for the plastic blow mould industry.

The organisation has an impressive selection of quality equipment that enables it to produce just about any blow mould in-house. This equipment includes CNC machining, grinding, milling, drilling, sawing, spark erosion, lathing, shot blasting and other equipment.

The business has a database of loyal, repeat blow moulding customers. That said, the equipment used is also well suited to producing plastic injection moulds. As such, there is plenty of scope to grow the business by targeting the injection moulding sector.

The factory is fully set up for blow mould production. It is comprised of a production space and a mezzanine office area for administration. The site on-site parking and excellent truck acces. It is also close to the M7 Motorway, providing good access to most parts of the Greater Sydney Area.

For the 2019 financial year, the business achieved sales of $563,540 and a profit to the owner of $226,195. COVID 19 initially had some impact on the business. As a result, 2020 was softer, with sales of $468,198 and profit to the owner of $116,794. The 2021 financial year to date is showing a strong bounce back to pre-Covid levels with sales for the first 7 months of the year already at $404,311 and profit to the owner $121,391.

This could be an ideal business for someone wishing to run their own toolmaking business. It could also be a great acquisition for another plastic mould manufacturing business, or a plastic moulding business that would like to bring mould production in-house.

To ensure a smooth transition, the vendor is happy to train you, and to offer a generous training and handover period.

This quality business is being offered for sale at $350,000 including stock.