Building Insurance Rectification Company For Sale

Today, 3:00am

Send an enquiry

All personal information submitted by you as part of an enquiry will be used by us in accordance with our Privacy Policy
 

Summary

The company is on the insurance council panel as a preferred builder to perform rectification to buildings and surrounds in the case of insurance claims.

Revenue

$4,412,000 pa

Rent

$71,704 pa

Expenses

$3,957,296 pa

Net Profit

$383,000 pa

Location Details

Sydney
The company services an area from Newcastle down to Wollongong

Potential

The company is an ideal bolt on acquisition for an existing building company, especially if wanting to position themselves in the Insurance rectification space of the building industry.
The systems that the company have in place, will also allow any new owner to expand into other sectors of the industry if desired

Skills

The ideal buyer will have all their building certificates and licences

Hours

In times of insurable events, it can be 7 days a week. Usually open 5 days a week

Lease

The current office has a lease that expires in 2020.

Employees

The owner is the CEO. Permanent staff numbers number 6 office workers, with the rest on a contract basis when required.

Reason for Sale

The owner is looking to retire after 21 years of ownership

About the Business

Key Points

• Service and honesty has led to the granting of the company being 1 of the limited companies on the Insurance Panel
• 24-hour emergency Repairs
• Asbestos Reports
• Scoping & Reporting
• Search and Locate Plumbing services
• The team comes with a combined 40 years of experience in the commercial, residential and industrial building and construction fields. Key Staff including administration and trades personnel are inducted and fully trained in the policy and procedures that are specific to the insurance industry

History

Established in 1997, the company has been heavily involved in Sydney’s major events, such as the 1999 and 2007 Hail Storms and recent severe storm damage across Sydney

Share this business

Similar businesses
More by this Advertiser

Share this Ad


Cancel

Report this Ad


Cancel