The Cut Loose factory on the Gold Coast

Founder wants to cut loose

Boutique caravan business for sale

By Dennis Amor
Have your say

QUEENSLAND-based boutique 5th wheeler and caravan manufacturer Cut Loose RV is on the market.

Owner Nick Oliver, who is asking for offers in excess of $500,000, stressed there was no question of the Gold Coast business being in financial trouble.

"People who ask those questions live in a world of fear, not opportunity," the 51-year-old founder told Caravanning News.

"They are not the people who are going to buy my business. I don't borrow a dollar. The company has not borrowed any money for years and years.

"It's just that I can't cope with it all and it's time to make changes. It's time for someone else to take it to the next level."

Mr Oliver said his company had forward sales approaching $500,000 and these would be included in the sale.

Deposits had already been paid and stage payments agreed.

"I am not being greedy," Mr Oliver said. "I have deliberately priced it to sell.

"I am a perfectionist and we are quite an elite little business. I am looking for someone who has the same attention to detail and wants to get into the RV business."

But, Mr Oliver added, he would be willing to sell to any established caravan manufacturer.

Cut Loose RV, which has over 100 specialist RVs on Australian roads, boasts of having new and revolutionary designs which it describes as being "unique" in the industry.

"This business has unlimited potential," Mr Oliver said. "This is an unusual sale because it's an incredible opportunity."

Mr Oliver formed the company after migrating from England, using it to secure his Australian residency. He still has business commitments in the UK.

Cut Loose RV has a core team of five staff, with three working on the factory floor.

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