Business For Sale Dandenong, Victoria 3175
Business Category Building and Construction
Civil Construction Business With Multiple Income Streams $5,888,000
This business specialises in directional drilling and has been in operation for over 12 years. The business has expanded from 1 very old small drill to owning 4 directional drills including an AT40 rock drill. The initial works began with drilling within the Rail Corridor to install conduits to upgrade level crossings and boom gates. Progressing forward there has been an expansion in the business, to include telecommunications, electrical and water / sewer areas. It is important to note, that this business is not for sale due to the stoppage of NBN work and that this particular business has had an absolute minimal involvement in the NBN network and so is not affected by this slow down in the NBN market.
Unfortunately this has been affected by COVID with an initial drop in revenue, however maintains an extremely strong presence within the marketplace having forecasted projections to increase by 30% due to future government tenders in progress. It is important to note that this business operates semi managed with the owners interest focusing on other business ventures and working in the business a minimal amount with current management structure in place.
FY 2016: REVENUE $6,011,253 vs EBITDA $1,105,521
FY 2017: REVENUE $9,305,609 vs EBITDA $3,455,896
FY 2018: REVENUE $7,654,781 vs EBITDA $3,084,560
FY 2019: REVENUE $7,343,006 vs EBITDA $2,524,496
FY 2020: REVENUE $4,945,028 vs EBITDA $1,033,289
**Bushfires and COVID affected 6 months of trade
FY 2021: REVENUE $5,036,120 vs EBITDA $1,111,782
(THIS BUSINESS WAS RESTRICTED FROM ACCSESSING ALL GOVERNMENT JOBS DUE TO THE COVID RESTRICTIONS IN FY21 TRADING YEAR)
This business has been valued on an average of four years historical data equaling an average EBITDA of $1,938,531 with a x 3.3 multiple, totaling the asking price of $5,888,000. Taking into account, there is a valuation report by Slattery auctioneers confirming equipment with over $3,000,000. Financing requirements for this business will be a breeze.
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For more information please contact Steven Mostafa from LINK on the below:
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