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- - UNDER OFFER - - Elevator & Lift Services Business for Sale
Internal Ref: WM319
Summary
Rare opportunity in tightly held niche market
Location Details
Multi State
Melbourne Head Office, multi state offices
About the Business
Established in the 1970’s and continually expanded over the years, this highly regarded business has a fantastic mix of programmed maintenance, service, hire and equipment sales to a who’s who of large and medium size retail and wholesale businesses around the country.
Sales are usually around $8.0 mil PA with an EBITDA of approx. $1.2 mil PA but the 23/24 year had sales around $6.0 mil and EBITDA of approx. $735K.
This was due to a perfect storm of circumstances last year but the 24/25 is already well on the way back to normal and the profit will be significantly better than 23/24.
The owners know the effect this one off year will have on potential buyers but they are realistic and the business has been priced accordingly. They have plenty of money from the business over the years and they are keen to move toward retirement and one lucky buyer is going to be able to take advantage of that one bad year!!
The business has a Melbourne head office and branches across the eastern states and each branch has an experienced capable team headed by an operations manager.
There are numerous channels to market and plenty of growth prospects with new customers, services and products.
Very few businesses in this space ever come on the market, so don’t miss this one!
Price: $2.2mil + SAV ($450K)
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