Bizsmart Business Brokers

A Professional Approach

New Lambton Electric Motors

Mal Harrison

Phone:  4943 2976    Fax:  4943 2916

Mobile:  0412 859 539

E-mail: mail@bizsmart.net.au   

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New Lambton Electric Motors – 80 years young

 

Recognized as the dependable leader in single and three phase electric motor rewinds, repairs and sales, the dealership carries a comprehensive range of spares, top quality power tools and a spectacular choice of accessories such as tungsten teeth saw blades, drill/router bits, cutters, and even vacuum cleaner bags for a wide ranging customer base, particularly those who recognize quality and demand the best available. Eight capable long standing employees (service ranging from 20 to 38 years) handle the busy workshop while another six permanent staff ensure the flow of work and scheduling is maintained so as to provide optimum levels of service and client satisfaction.

 

Competent service personnel combine to effect comprehensive repairs of up to 1,000 units each month and the appliances just keep on arriving as fast as they are ready for the client to collect.  You name it, they can and often do breathe new life into such a wide variety of power equipment from dodgem car drive units, power generators, water blasters, power tools, steam cleaners, pumps, vacuum cleaners and coffee machines.

 

The owners are confident that the business will continue to grow with plenty of opportunity to expand services into Hunter Valley mining support industries, construction enterprises, primary producers and general domestic consumers. National retailers already recommend the firm to their clients, while statutory requirements for onsite test and tag of power tools and appliances is another growth industry, not to mention machinery maintenance and repairs. 

 

While many Hunter traders are experiencing low transaction rates this is certainly the reverse at New Lambton Electric Motors who have just recorded their busiest July trading for years. Analysis clearly demonstrates that normally slow selling stock items have recorded sharp increases, confirming that this industry is the fortunate beneficiary of an economic sector experiencing abnormally high demand for its product and services.

 

Annual sales exceed $1.6 million. Gross Profits are healthy at over 55% of sales which, when an almost nil advertising expense and complete lack of a dedicated website are considered, is a clear indication of growth opportunity.

 

The business and property can be purchased freehold as a going concern or leasehold as a going concern

SOLD

SOLD