Internal Ref: BP14632
Summary
Mandatory compliance training & inspection for WA mining, energy & infrastructure. $755k adj. profit, 90% recurring, TAC to 2033, contracts just renewed. Share sale $2.5M.
Revenue
$2,700,000 pa
Net Profit
$755,000 pa
Location Details
Services clients across Western Australia
Services mining, energy, civil and government clients across regional Western Australia.
Potential
• Marketing has barely been touched – minimal digital presence and no online booking
• Existing clients asking for additional courses and services
• Growing compliance requirements across the resources and infrastructure sectors
Employees
Strong management team and experienced accredited trainers/assessors in place. Owners available to remain in an employed capacity post-settlement.
Reason for Sale
Available on request after signing the confidentiality agreement.
About the Business
This business delivers training and inspection services that WA's mining, energy, civil and government sectors are legally required to buy. Demand is set by regulation, not marketing – and the numbers reflect it.
THE NUMBERS
• Revenue ~$2.7–2.9M p.a. – consistent once one-off equipment sales are excluded
• Adjusted net profit $755k (after a market wage for working directors) – around 3.3x earnings
• 90% repeat and recurring revenue
• Long-established, with no sales staff and minimal marketing spend
DE-RISKED FOR A NEW OWNER
• Share sale – TAC has confirmed the registration stays with the entity; no re-accreditation required
• TAC registration renewed to 2033
• Major plant recertified – the ten-yearly crane compliance rebuild has just been completed; no significant capex ahead
• Anchor clients just renewed – the two largest clients are long-standing energy and mining operators across four agreements, recently renewed for a further term (mostly three years)
• Strong management team in place – the business does not rely on the owners day to day
• Owners available to remain in an employed capacity post-settlement
• Experienced accredited team stays in place
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