The Mezgate produced by grandson Pty Ltd. for several years has established a very well earnt reputation in the safety field for its efficiency and effectiveness. Some 500 of the standard units and other special design application have been installed throughout Australia in the past 5-8years.
The associated website pages outlines a product which has been developed into a very profitable business, Annual turnover has been up to $400,000 in years when marketing efforts were applied to the market.
Recent years have only had sales to repeat or referred customers as no marketing or sales effort has been present except for the website.
The package for sale consists of:-
All design and drawings (CAD files),
Sealed patent. No.:- 772274 Dated Jan. 2001 25 year life.
Provisional patent lodged for Mezgate II
All tooling and fixtures developed for the manufacture of the safety gate system.
Any stock at time of sale.
The reason for me wishing to divest of this business is my age and the desire to see this business developed further into the specialized design areas for safety gating systems.
The unit shown in the brochure is the standard unit developed to this stage.
The Mezgate II is a further development of the original and we believe this removes any downsides of the original design.
A significant aspect of the patented locking system is its ability to be applied to interlock any two types of doors gates or closures (existing sliding doors and roller shutters), there is an untapped market for these special types of systems where there is virtually no alternative system and hence no opposition in the market. Several of these special designs have been very successfully installed into warehouses and industrial situations throughout Victoria.
Should you be interested in this opportunity, I would expect to have an initial meeting to discuss aspects of the offering.
I would require a confidentiality agreement to be signed before disclosure of any commercially sensitive material.
As some indication of the expectation of sale price, Corporate brokers have indicated, based on financials, the sale price should be in the order of $350-400,000.
I appreciate this is purely a guidance figure and would consider any offers in the vicinity of this range.
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