12 Tannadice Street Winnellie NT 0820
$2.4m Plus Stock

DESCRIPTION

Phone enquiries - please quote property ID 35423.

Ausblok is a key manufacturer of masonry products in the NT, supplying approx 40% of the residential, commercial, remote Indigenous Housing and defence projects in the Northern Territory.

Located in the heart of Winnellie with access to Tiger Brennan Drive, Ausblok is well-positioned for inner city development or deliveries to the growing suburbs of Palmerston and beyond. With 13,000 m2 of land there is ample room for road trains.

Potential: This business has strong potential in the growing DIY market in the Territory. Currently operating 5 days pw with one shift, (could expand to 6) & add a second shift to increase production. Retail and alternative products offer promising growth opportunity for this solid business.

Skills: The current owner’s trade skills have helped with maintenance but aren’t essential. Key staff manage daily operations, with equipment support from Brisbane. Basic skills in Excel, MYOB, and customer relations are sufficient. With 20yrs in Darwin, Ausblok has a reliable base of subcontractors as needed. 7 f/t staff (including MD, who works remotely – 50% of time).

Ausblok operates a Columbia computer-controlled block machine, supplying high-quality masonry products across the NT. With 20yrs in the market and serving 40% of the sector, with strong relationships across Indigenous housing, residential, commercial, and defence projects. Recently tendering for the Darwin Shiplift project (100,000 m² of industrial paving), Ausblok is well-positioned for continued growth.

Originally the Humes plant in Darwin, Ausblok was acquired in 2015 by current owners. Despite being 25 years old, the plant is regularly upgraded and performs to global standards. With the Federal Government’s $4 billion investment in Indigenous housing over the next decade and expanding oil and gas projects, Ausblok is primed for future market expansion and reliable cash flow.

* Gross Revenue: $3.6m pa.
* Expenses: Approximately $2.76m pa
* Net Profit: $720k pa
* Stock :Sold at valuation.

The property: For sale Leasehold or Freehold (negotiable). Current Director reaching retirement age & relocating, (willing to provide ongoing support if required (at a cost).

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