Drying Solutions: Profitable, Portable, and Primed for a New Owner’s Success

Investment opportunities that combine innovation and profitability are surging in demand, and Steve Catley of LINK Business Brokers Bay of Plenty is proud to present a business that embodies these features and so much more. Drying Solutions, a well-established industrial food manufacturing company based in Tauranga is on the market and in search of a new owner.

Founded almost 30 years ago by the current director & owner,Robert Barnes, Drying Solutions is best known for its market leading product: the REXMOI Air Tray Dryer. Bolstered by his extensive background in electrical engineering, Robert perfected the REXMOI Air Tray Dryer over several years of hard work and dedication. “The product was born out of a desire to create an optimal solution for macadamia nut drying, but steadily grew into a versatile & trusted necessity for a slew of key players in the food manufacturing industry and far beyond,” says Robert.

The REXMOI Air Tray Dryer’s capabilities include removing moisture from products & the atmosphere, controlling the moisture content in products, cooling products quickly, heating & curing products at various temperatures, and cooking at low temperatures. Designed for superior quality and portability, the REXMOI Air Tray Dryer includes a sealed insulated chamber with specially imported panels and a stainless-steel inner surface. Drying occurs through a re-circulating airstream conditioned by a unique refrigeration system. The assembly, mounted on a sturdy galvanized steel frame, ensures easy mobility, allowing for effortless transportation with a forklift.

Thanks to the product’s uniquely ingenious design, Drying Solutions enjoys the distinct advantage of minimal direct competition within New Zealand. “While there are some imported substitute products of lesser quality, they do not pose a significant challenge. Within the market, Drying Solutions stands as a frontrunner renowned for careful craftsmanship,” says Business Broker Catley.

Additionally, Catley notes, “Businesses of Drying Solutions’ calibre usually require substantial initial investments, years of development and a profound understanding of the field. By purchasing Drying Solutions, the new owner will acquire a secure business that already primely occupies a market safeguarded by formidable entry barriers.” Drying Solutions consistently yields impressive profits, providing a solid foundation for financial success. Annual sales revenue exceeds $1,250,000 and the business impressively generates $400,000 in profits. Plus, with a plethora of untapped growth avenues there is ample room to increase these figures. A particularly attractive characteristic of Drying Solutions is its flexibility in almost all facets of the business. Not only does the business operate without fixed hours, but it’s also entirely relocatable as it is run entirely by Robert & his wife, Paulette, who enlist the assistance of subcontractors when needed instead of employing full-time staff. “A prospective new owner will have the option to retain the current, thriving structure and reap the rewards of business ownership firsthand, or restructure it to align with their own entrepreneurial goals,” Catley says, emphasising the opportunity’s fluidity.

After committing decades of their time to establishing and operating such a successful business, Robert and Paulette are entering the next phase of their lives: much-deserved retirement. Forecasting the company’s fate, the pair state, “Owning Drying Solutions has been an incredibly rewarding experience, and we are certain that the business is set up for continued prosperity at the hands of a motivated & savvy new owner.”

Robert and Paulette are also willing to offer a generous handover period & ongoing support to a prospective buyer, highlighting their genuine commitment to the business’s long-term performance. “A new owner can feel confident that the pieces are in place for them to successfully continue a legacy,” Catley confirms. The ideal candidate for the venture, according to Catley, includes individuals with electrical or engineering expertise, or alternatively existing companies looking for a lucrative add-on. “Thanks to its proven track record and horizon brimming with potential, Drying Solutions presents a compelling investment opportunity for both aspiring entrepreneurs seeking to take control of their future, and also established engineering firms aiming to expand their market presence.”

Ready to take the reins of a flourishing enterprise with a rich history and promising future?

Contact Steve Catley on 021 341 117 or steve. catley@linkbusiness.co.nz today to learn more about this remarkable business acquisition.