About the Business

Business ID: XB159471

Assets Valued over $650,000

The business specialised in the hire of its Floating Dredgers designed to suit a range of jobs such as desludging ponds, lagoons, sedimentation ponds, tailings dams and contained waterways. These dredgers efficiently remove silt, sludge, and sediments, offering a cost-effective way to restore dams and waterways to their original capacity.

Their lightweight design and portability allowed the Dredgers to be transported on a standard flatbed truck to be craned in and out of dams and waterways whether they be in urban or remote locations. A comprehensive guide enabled clients to operate the dredgers independently, with rental packages including the dredger, piping, and necessary accessories.

Tethered to a cable and anchor block, a traversal system allowed the dredge to cover a large area with minimal manual intervention. The onboard electronic management system allows Catfish to be controlled remotely via a ‘belly pack system’ from the shore.

Clients included Councils, Mining Companies, Abattoirs and Water Boards.

Business Highlights:

- Dredging Service Income in 2020 exceeded $1.1million

- Comprehensive Operating Manual

- Easy to run from anywhere in Australia

- Hired with or without Labour

- Small Footprint

- Daily Hire Rates were $1500 plus G.S.T per day

- Blue Chip Client list of over 90 clients Australia-wide

Assets include:

- 2 Brand New Pontoon Dredgers

- 1 Fully Reconditioned (Like New) Dredge

- 6 Rotor Moulds for the Pontoon Floats – Valued at Approximately $75k

- Piping and Floats

- Various Accessories

- Schematics and Electrical IP

- Customer Database

- Trading Name

- Website and Domain Names

- Telephone Numbers

The business ceased trading in 2020 as a result of staff losses during Covid and the owners concentrated on their core (unassociated) business.

A new owner has the choice to either integrate the Catfish Mini Dredgers IP and assets into an existing business or relaunch the business from scratch. The vendors suggested the client list be contacted and offered dam maintenance contracts.

The owners will negotiate a suitable assistance period with a purchaser to ensure a smooth handover.

Asking Price: $310,000