BUSINESS - G&L MACHINING

- Established for over 30 years
- Business includes a fully equipped manufacturing shed with Okuma CNC lathe and CNC machining centre, Gosan centre lathe, Ryzan heavy duty lathe, HMT radial drill and surface grinder, Zayer ram type milling machine plus various other lathes and milling machines, extensive tooling and measuring equipment.
- Ongoing work with Moly-Cop, Infrabuild and other large clients.
- Comprehensive training program and handover period to be provided by current owners for Up to 3 months.
- Over $1.5M in sales income and over $400,000 in yearly company profits (EOFY 2021)
- The sale of the business includes all plant & equipment (please note to setup a business like this from scratch would cost approximately $500,000 - $750,000)

PROPERTY

- Property is with vacant possession
- A centrally located site of approx. 944 sq/m zoned IN2 Light Industrial close to the Newcastle CBD
- Modern full precast industrial warehouse of approx. 750 sq/m including large open workshop area,
upstairs mezzanine, fully data cabled front office/reception, 1st floor staff amenities room, toilet/shower,
rear concrete hardstand/storage area and garage/staff car park.
- Fully data cabled A/C office & reception area
- Clear span shed, high roller door access points with high bay lighting

The sale of the freehold business includes all plant & equipment with the warehouse ideally suited to additional uses such as, manufacturing, warehousing, distribution, or other trade based business.

Estimated net rent of approx. $105,000 PA + outgoing's + GST
Approx. outgoings:
Council Rates: $
Water Rates: $
Insurance: $

*Note: The vendor may consider selling the business separately. For more information on this great opportunity please contact the listing agents:

Brad Wallace - 0422 844 893
Reece Harrison - 0421 000 965