Business For Sale Queensland
Business Category Building and Construction Civil-Construction Engineering Manufacturer Machinery Manufacturer
Drilling Business for Sale
$8,000,000
Description
Booming Business – Civil Construction Sector
Turnover $5m, 980K Net Profit in the last 12 months. Price $8m including equipment
This business provides an extensive range of drilling and associated services for construction and mining companies in the private and government sector. Their reputation has been built on a commitment to excellent customer service and a high standard of safety and efficiency.
Established for over 50 years, the business has grown to become one of the most sought after providers of foundation drilling in Queensland and beyond, especially because of their heavy rock and difficult-to-access site capability.
- $6.2 million turnover and $1.1milliion net profit in the last 12 months
- Fixed Assets in Excess of $7.2 million
- 18 months of Forward Contracts, weekly flow of winning tenders, more than 50% growth in the last 18 months
- Business has a highly experienced, well trained team and boasts an invaluable reputation for completing projects on time and within budget
- Self-sufficient operation including equipment storage, accredited maintenance and repair in purpose-built buildings, keeping equipment in prime condition and minimising breakdowns.
- Unique custom-designed equipment easily driven or transported to sites
- Equipment includes a substantial suite of Drilling Rigs including their own custom built rigs, including machines for heavy rock and Caisson drilling, bridgework, and drilling on sites with low head height or difficult to access internal point of entry.
- Major Clients include Bechtel, Civil Mining & Construction (CMC), Kyogle City Council (NSW), Port of Brisbane, Queensland Rail, Hutchinson Builders & Trafflec Nexus
- Business situated in Brisbane close to all major arterials, and current contracts comprising 80% in Queensland, 10% in NSW and the remaining 10% throughout Australia.
This business is experiencing continuing growth and is well positioned to benefit from the growing demand for civil infrastructure services.
The efficient systems in place, the experienced team and the high standard of technical expertise and equipment make this an unmatched business proposition that would suit an investor, or a Civil Engineering, Construction, Piling or Drilling Firm wishing to expand.
The current owners wish to retire from the business, making this highly regarded and profitable business now available for sale.
Asking Price: $8m
Enquiries Contact Mike Blaq via phone number listed or the contact seller form.
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This business is somewhat unique and has no similar competition in this region, category or price bracket.