Summary
Established in 2013, Structural Reporting provides a dedicated professional support service for building owners with defective buildings, be it office, school, car park, residential or industrial.
Revenue
$160,000 pa
Rent
$0 pa
Expenses
$57,000 pa
Net Profit
$103,000 pa
Location Details
NSW Sydney eastern suburbs
The business is located in the older seaside Sydney suburb of Randwick, where there are still many properties that require significant remedial investigation. It is anticipated that the company address will change to one nominated by the purchaser.
Potential
Given the volume of aging old building stock and the dire state of some new developments I believe that there is a real opportunity to grow the business in NSW and interstate with a young team of professionals looking to branch out on their own. The fields of work that the company has been involved in include; Strata Management, Local Council, Retail Building Maintenance, Education, Disputes with insurance companies, Domestic Construction and Expert witness.
The website receives significant enquiries https://structuralreporting.com/
Skills
Chartered Structural Engineer or near chartered. Registration as professional engineer with NSW Fair Trading.
Registration or applying for registration as a design practitioner with NSW Fair Trading.
Physically able to undertake structural site investigations, interpret observed building defects, produce succinct reports and solutions, within the budget and time frame.
Good communication skills and ability to develop client relations.
Hours
Generally Mon - Fri 09:00am - 06:00pm but flexible depending on the urgency of the request
Lease
No lease
Employees
I am the sole director and utilise Australian external contract drafting and engineering services on an ad hoc basis as required from time to time.
Reason for Sale
I plan on retiring in April 2024 and wish to sell and transfer ownership of the company name, domain name and website to enable valuable customer contacts to continue their relationship with the business.
I would keep the current ABN number to cover 'run out' professional indemnity insurance for my past projects and provide a clean slate for the new owner.
About the Business
Structural Reporting Pty Ltd provides a dedicated professional support service for building and infrastructure defects. Be it anything from an office, school, car park, residential or industrial building, our aim is to help clients understand the structural issues affecting their site and advise an appropriate course of action.
We work with both new and existing structures and ultimately there safe operation is our primary concern.
Our professional services include:
-Structural inspections
-Building condition reports
-Repair recommendations
-10-year capital works plans
-Dilapidation reports
-Construction stage inspections
-Forensic engineering
-Safety in design audits
-PPP technical audits
-Design Management
In NSW the passing of the Design and Building Act and Regulations, and the establishment of the Building Commission, is setting the gold standard for design and building practice and grow the market for professional engineers in the remediation of defective and aging buildings.
In the long term I believe that the legislation will be followed by other states and that Structural Reporting Pty Ltd could provide a valuable launch pad for expansion into the other states.
To provide a buffer for downturns Structural Reporting clients come from a variety of sectors including:
-Strata and property management companies
-Private residential owners
-Local council on tree root damage disputes
-Maintenance contractors for supermarkets
-Client disputes against insurance companies
For a small company the well maintained company website https://structuralreporting.com/ delivers a flow of enquiries that exceeds my company's capacity and I often refer these on to other consultants.
I consider that there is a real opportunity to grow the business in NSW and interstate with a young team of professionals looking to branch out on their own and the length of time operating provides gravitas behind the company name.
History
After many years working in Sydney and overseas developing a broad range of engineering skills , I wanted to focus on servicing the remedial side of the built environment, help educate clients about building defects and solve the difficult issues that they encountered.
Structural Reporting was started in 2013 and has operated continuously servicing a range of clients. A key milestone being the award of repeat business in strata management, retail building maintenance and the development of a successful the website to attract new clients.
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