About the Business

Business ID: XB157901

Two teams working under self-supervision – Profits inc. Owners' Wages over $690k, averaging in the last 3 FY.

This contracting business specialises in assisting builders and residential clients in levelling their concrete floors to meet industry standards and tolerances, particularly for hard flooring materials. Services are delivered in compliance with legal requirements that all surfaces to be laid with tiles or wooden flooring must have a tolerance of less than 3 mm per metre in length.

Serving both commercial and residential sectors, the business has seen a notable trend towards working on larger sites over the past 2 to 3 years, including high-rise and smaller building projects. These larger projects are complemented by single residential home work to fill in the schedule, with jobs coming through strong industry relationships — including recommendations from builders, floor layers, and referrals from previous satisfied clients.

Operating with two autonomous teams, the owners have been able to focus on managing operations and securing new contracts. Revenue and square metreage worked have shown significant growth, attributed to the implementation of Safe Work Method Statements (SWMS) developed in collaboration with a major builder and the acquisition of a QBCC licence in 2020. This has led to larger builders entrusting the business with progressively larger projects.

The business prides itself on accommodating tight deadlines for clients while maintaining efficient quality control measures across all jobs. With a dedicated staff of 5 to 6 key employees prepared to support future growth, this business presents a compelling opportunity for prospective buyers.

Key Features:

- Average profits over the last 3 financial years: $693k

- Adjusted profits for FY25: $530k inclusive of owners’ wages

- Business offering a compliance service

- Business is working on larger and larger sites

- Effective quality control in place

- Licensing and SWMS in place, allowing access to larger job sites

- Key staff capable of taking on more responsibilities

- Simple service and delivery process

- High-achieving teams

A one-month training period will be offered as part of the sale.

This business presents an ideal opportunity for a waterproofing or concreting company looking to venture into a higher gross profit segment and engage with larger-scale projects. It could also appeal to a partnership between an investor and a seasoned waterproofing or concreting supervisor seeking entry into the floor level