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Internal Ref: 6
Summary
Great reputation & expertise across multiple electrical divisions. Qld Based with corporate, private & government projects. Suitable for investors or growth acquisition for construction businesses.
Revenue
$11,000,000 pw
Rent
$270,000 pw
Net Profit
$1,800,000 pw
Skills
Experience in electrical , construction or project management would be desirable. The business has divisional managers and if purchased as an investment it would be advisable to replace the current owners role of general management and oversight particularly of large tenders/contracts.
Lease
$270,000
Employees
Employees can vary with tender projects and EA's in place to cater for such. The base business is operating with around 50 staff but has been up to 120 staff with major contracts being met.
Reason for Sale
Family
About the Business
Qld, Australian base with local clients across it’s locality including government infrastructure projects, Company projects and maintenance, also domestic and commercial servicing. More detailed location available to qualified buyers.
This is an outstanding opportunity to acquire a highly reputable and well-established multi-divisional electrical contractor with significant owners profits of $1,875,448 in 2021 equating to an EBITDA of circa $1.65M.
The family owned operation has developed into a reputable professional organisation now employing 50 staff with capacity to grow within its current site to 120 staff.
With approaching 20 years history in its Qld location the business has demonstrable resilience to the eb and flow of local economies. Current economic indicators are the location is approaching another economic boost with numerous private and government projects being planned or actioned.
The business has developed along 5 divisions providing services for major electrical projects (Government & Commercial), domestic electrical services, refrigeration services, solar services & security / communications systems.
Most of the business is from networking and brand/reputation (word of mouth) with minimal marketing being actioned. A new owner with a renewed growth agenda could easily explore more marketing activity to accelerate the potential growth.
Built on service, reputation, and expertise the clients are well aware of the value the company provides in their services resulting in a loyal client base. Add to this the great staff culture fostering staff loyalties and the underlying business has in built resilience.
Having built a great business the directors are happy to provide a suitable transition to aid the staff and clients retention with the new owner and so the continuation of their own great work.
This opportunity presents as an obvious opportunity for an acquisition or merger with the value of a business expansion being weighed up against the existing capacity, staffing, expertise and local goodwill likely to be an easy decision.
Key Points
- Owners willing to assist in transition.
- Loyal client base.
- Loyal and skilled staff (great culture).
- Established Business Systems and Processes
- Bespoke offices and warehousing designed for up to 120
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