Hot Water System Supply & Installation - Growing Every Year - Highly Profitable

14 days ago

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Internal Ref: 1074

Summary

This excellent business has proven it's "recession proof" business model with year on year growth over the past three years in Perth. No prior experience necessary! (Owner Profit $215K)

Revenue

$2,100,000 pa

Rent

$40,000 pa

Expenses

$1,943,000 pa

Net Profit

$215,000 pa

Location Details

13 km's South East of the Perth CBD
Generous yard space with office and workshop buildings

Potential

Since the business started trading 10 years ago it has gradually been growing it's market share, to the point where the owner believes they currently supply approximately 4.5% of Perth's Solar Hot Water market and an estimated 7.2% of Perth's Heat Pump market.

There is significant potential to increase market share as well as grow the markets themselves, particularly heat pumps. It is estimated that solar hot water and heat pumps account for only about 10% of the hot water systems on homes in WA.

Skills

No prior experience required and owner is willing provide a generous handover period to ensure the purchaser has all the necessary knowledge to operate the business smoothly and successfully.

Hours

Monday - Friday
7:30am to 5pm
(Weekend work by appointment)

Employees

1x Owner
1 x Manager
2 x Tradesman
1 x Trades Assist
2 x Admin

Reason for Sale

The owner has other aspirations which he wants to pursue. He always intended to sell the business after a certain period has set up the business so that transfer of ownership can happen seemlessly.

About the Business

Hot water systems are a necessity item for households. They’re required for all homes and then have a finite useful life. This means that replacements of (and repairs to) existing hot water systems is consistent business and is resistant to broader economic ups and downs. This is highlighted by improved performance over the past three years during a period of economic decline in Western Australia.

The business wins work via its well established and reputable brand. The sales function is largely taken care of by the sales team who answer the phones, with technical support available by the two owners / managers. There is no doubt that this is an exceptionally strong business model, which is positioned for continued performance and growth into the future.

Key Points
• Well established business
• Sales growth through broader economic low
• Huge market
• Distinct brand
• Large customer database
• Diversified products and services
• Good staff
• Efficient operation
• Excellent systems

History

The business commenced trading in 2008 and has been operating from its current location since 2016.

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