Internal Ref: PIPest
Summary
It only takes around 2 weeks to get your pest license, and this business has profited between $140k and $160k every year for the last 6 years with the owner doing almost zero marketing.
Net Profit
$140,000 pa
Potential
The seller does almost no marketing, and 95 % of his business is just pest inspections and and repeat Termite inspections and traps. A new owner can easily just hire a worker to do the work and then another one and run this under management. The seller says there is so much work they can go after that they don't, and so this long establised business give you a fantastic return on your investment under 1.5 times multiple, and also the opportunity to grow fast.
Reason for Sale
Retiring on his Farm out West.
About the Business
This is a sensational 30 year old business and is most likely one of the most stable and expandable businessess you can find on the Gold Coast.
With a huge database of 95% repeat clients, and generally very simple easy work, this business is one of the best business models to get into.
For many years on the Gold Coast, the bigger players have been buying up the medium size businesses, but this one is just a little smaller than what they generally buy, but has everything they actually want from the database, the name, and ongoing contracts.
The seller has been happy just running it himself for years now, but the business did employ more contractors about 10 years ago. The business is ready to be taken to much greater heights by a new owner, and the seller is giving it away cheap at less than 1.5 times the profit.
The seller can stay on as long as you need him, and is happy to have you side by side with him at every visit.
This is a rare buisness with year on year perfect financials, so first in will buy.
Be ready to make an offer.
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