A prestigious award winning construction & custom joinery business with a raft of additional vertically integrated in house services, operating in the luxury building sector with net profits of $1.8M.
The business is located 13 km south of the CBD and operates primarily throughout Sydneys Eastern Suburbs, CBD, Lower North Shore, Inner-West and Northern Beaches. It currently operates from a 166 sqm warehouse/office building in a gated complex.
This business is poised to take an even greater market share over the coming 5 years due to its well-established reputation in this niche sector. With the vertical integration of the in-house joinery division, the business can compete profitably for middle quality residential sector work. This is a growth sector and will provide significant opportunity to grow the business in the next 1-5 years .
This is a business that would suit a purchaser with experience of the building industry, who perhaps is looking to extend their current reach into the premium end of the construction market. It would also suit an investor who is looking to take advantage of the established and highly profitable nature of the business with a very competent management team in place.
The owner may consider selling the freehold or possibly leasing the premises to the new owners. Terms to be negotiated.
The current staff consists of: 1x Owner 7x Office staff 4x Key site staff There is also a carefully selected team of construction staff, subcontractors and trades.
Reason for Sale
The current owner has been involved in this business for close to 9 years and is now looking to find a new challenge, however he is determined to hand over the reins to the right buyer who will not only benefit from his endeavours to date but grow the business to a new level. To this end he is happy to remain in the business for an extended handover period.
About the Business
This business undertakes a handful of high-value projects each year across new builds and renovations with an average build cost circa $2 million per project. This company sets itself apart by focusing on the delivery of uncompromising quality, utilising the best building practices with clients receiving exceptional customer service throughout the process. To this end, the business has an impressive portfolio of work and has received a swathe of building awards for its projects winning six Master Builder Association NSW Housing Excellence Awards over the past nine years, including two in 2018. The business benefits from its comprehensive utilization of leading-edge software and thorough processes and procedures to deliver superb professionalism and efficiency on each job. The business has multiple software packages that manage different elements of the business with Procore as the key CRM to ensure that both on-site and office-based teams work cohesively on projects to track and manage each stage from project schedules and progress photos, through to inspection logs and email communications.
Key facts about this construction company: - Owner is willing to stay during handover period - Multi award winning company - Highly profitable - Well established with good client base - Excellent work in progress - Tremendous opportunity to grow further
For more information on this opportunity, please contact the undersigned:
Peter Barrett Business Sales Specialist Mentored Business Sales, Corporate Business Sales & Acquisitions M: 0474 378 411 E: firstname.lastname@example.org
Paul Smith Business Sales Specialist Mentored Business Sales, Corporate Business Sales & Acquisitions M: 0420 550 433 E: email@example.com
For more details go to www.mentored.business and complete our online confidentiality agreement. Use the reference ID 2002627 to search for the business.
Disclaimer: Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner’s salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.