Offers Considered - High Rise Building Maintenance

Business For Sale Caloundra, Queensland 4551

Business Category Building and Construction Mobile Services

$699,000 + SAV

Description

Offers Considered - High Rise Building Maintenance

Based on the Sunshine Coast, this business specializes in painting, waterproofing and maintenance of high rise buildings utilizing rope access methods. The business has a long trading history with consistent high profits and skilled staff in place to handle all technical aspects of the business.

The current owners' role in the business is high level management and not "on the tools". Knowledge of building and construction would be beneficial but is not essential (there are ample trade qualified employees).

Over the last 2 decades the business has provided building maintenance services throughout Queensland, with a large amount of work located in Southeast Queensland particularly in their home base on the Sunshine Coast.

Business Summary:
* Very consistent revenue between $1.6m-$1.7m pa over the last 5 years
* Net Profit average last 5 years $286,284 pa after owner draws a wage of $80k.
* Currently 8 staff (often up to 13 staff in busy times)
* Approximately $500k current work in progress
* Maintenance contracts in place with over $200k guaranteed income for next 4 years for minimal output
* Customer base predominantly Body Corporates
* Documented systems in place for quoting, quality control & job scheduling
* Current lease $33,000pa with option to purchase freehold building
* Reason for sale - Owner Retiring!

With a total return to the working owner of close to $400k pa (Net Profit + Wage) this business offers an exceptional return on investment at the current asking price of $699,000.

Our sellers will consider Vendor Financing part of the purchase price for trade qualified buyers.

For more information on this business please contact the marketing agent, Paul Price on XXXXXXXXXX or XXXXXXXXXX
Contact Seller
Paul Price

Bsale ID: 577043
Broker REF: TS-008

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