Business For Sale Mornington, Victoria 3931
Business Category Cleaning Hire Services Trade Services
A Tip For Success! Two Bays Bin Hire - Mornington.
Looking for an established business with a huge turnover and healthy net profit where all the hard work has been done but there is still room for growth? That sums up Two Bays Bin Hire.
Established by savvy owners just under 4 years ago the business has grown from a single truck to now include; three Marrell trucks, one hook lift truck, an excavator, bobcat, forklift and a Ute. Plus, more than 100 bins including 3, 4, 6, 8, 10 and 12 metre sizes to cover all household, domestic and commercial building projects.
The business caters for the Mornington Peninsula and a selection of South-Eastern suburbs and has the added bonus of a fully accredited and licensed waste management transfer station (Permit hours: Monday to Friday 7am – 6pm & Saturday 7am – 3pm). This allows for sustainable waste processing (up to 80% of the waste is recycled) as well as a more cost-efficient operation and reduced commercial tipping fees.
The business has a strong local presence based on consistent and friendly customer service. Situated within the Mornington Peninsula Growth Corridor the business has numerous opportunities for expansion due to the growth in domestic and commercial building permits. A new owner may even consider the purchase of second hook truck or the opening of an additional site to make the most of the growing demand.
In addition to its local following the business benefits from its high ranking on Google, attracting builders and residents outside the Peninsula, but doing work in the area. The business is currently run by a couple who share the day to day operations, administrative and compliance tasks, along with 5 other staff (including one permanent part-time) covering delivery, pick-up and sorting.
Annual turnover is $1.5 million (approx.) with weekly turnover rising recently to $35,700. The business remained open during the whole COVID-19 period. With a rent of only $4,987 (approx.) plus GST and outgoings and minimal staffing requirements, this is a winning profit formula. Net profit is currently over $200,000 and value of plant and equipment in excess of $380,000.
The premises cover an area of 686 square metres plus an additional lease of additional land from the adjoining Clean away site. A modern reception area and separate office as well as bathroom and staff area are all included.
So, if you want a business with consistent cash flow and the potential for further growth this may be your chance to opt for a sea change that will provide a solid financial base for your family and an incomparable lifestyle opportunity, call Alan Maguire to book an inspection.
Price: $830,000 (negotiable) including all vehicles, plant and equipment
Contact: Alan Maguire, Maguires Real Estate ( XXXXXXXXXX )
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This business is somewhat unique and has no similar competition in this region, category or price bracket.