Location:
Melbourne - Greater > Victoria
Investment level:
$250,000 + SAV
Type:
Business
Industry:
Commercial Services > Building & Construction > Signage
Leading plumbing brand in the area with a long standing customer base & recent strong growth. Offers full plumbing services to industrial, commerical & domestic clients. Expansion options available.
$357,000 pa
$48,000 pa
$150,000 pa
$159,000 pa
Western Suburbs
The business has been built on the back of great customer service, word of mouth and referrals have driven our extensive customer base. We cannot handle any more customers (only two in business). Some initiatives for growth include:
-Marketing, we have done none and digital marketing is not our expertise.
-Signage over major Fwy. This exists from freehold (also for sale), we took it down due to call volumes it generated.
-Full service offering - we currently outsource roofing and excavation. This could be included across customers.
Plumbing qualification for owner operator. Investor may hire plumber to run business.
We operate Monday to Friday, 8am to 5pm. Opportunity for new owner is to extend hours for after hours and weekends.
The two owners are the only employees - we use contractors for non-core work.
We are retiring after running our business for thirty two years. The business is in great health and achieved record profit, so the timing is right for us to handover to a new buyer.
The business offers a full plumbing service across industrial, commerical and domestic customers. The customer database is extensive and we regularly have to say no to new customers.
Industries we service include real estate, childcares, car yards, warehouses, shops, schools, houses and lots more. Many customers are repeat and a lot of the work requires constant maintenance, so the consistency of cash flow is strong. We have been busier during this COVID period so the business is secure in challengeing environments.
90% of our customer base is in the Western suburbs, and this has been as a result of word of mouth and referral work. The business has a strong name and we are the leader in our area. We haven't done any marketing for a long period of time, which creates opportunity fo new owner.
The business for sale is for $250,000 and this includes $25,000 of tools and equipment. The financials disclosed are based on a conservative estimate from May YTD actuals, we do expect the full year profit to be in excess of the estimated $159,000.
We have achieved significant growth on the previous financial year net profit as a result of customer acquisition and servicing our loyal customer base. The business is in a strong position for new owner to continue to deliver more. COVID has had no impact to the business.
We are open to a reasonable handover, suggesting a month will enable the new owner to meet key customers and ensure a smooth transition.
Our business was started 32 years ago by us (two partners), and we are looking forward to retiring and handing over the strong brand and offering we have built.
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