Sold! Commercial Diving Business, Underwater Construction And Moorings Solutions – Qld

Business ID: BS147296

Commercial Diving Business, Offering Reservoir Cleaning, Underwater Construction and Installing Proprietary Moorings Solutions. Recurring Revenue from over 31 clients – PEBITDA averaging $307k - Sale price $595,000

Supplying diving services to local councils and water authorities, from cleaning reservoirs to providing underwater construction solutions, the business has a wide range of services including Proprietary Moorings Solutions. Servicing mainly Southeast Queensland and Northern New South Wales, the business is also well equipped to travel further afield.

Having built a strong reputation in the industry, it has some very promising prospects of growth in water asset maintenance but also in the moorings installation space. The business has well-documented processes, safety procedures and client database making this business very consistent.

- Very steady PEBITDA over the last 3 years

- Assets worth well over $370k

- Recurring revenue from local council and authorities

- Strong relationship with suppliers all over Australia and China

- Fantastic Business Reputation

- South East Queensland with new Environmental Moorings solution, worth Millions of revenue in the next 3 to 5 years

The business has been established for 25 years. The sale comes with one month transition period, and owners could assist further at a pre-agreed hourly rate.

The business is ideal for an individual with double competency, a competent diver with trade skills, who would like to run a well-established business. It would also suit a larger company that would like to have access to local and underwater authorities’ maintenance contracts, in Southeast Queensland and Northern NSW. This business will give a solid boost to its buyer with its impressive clients list and range of services immaculately documented.

Asking Price – $595,000 inclusive of assets.

Property Code: 3094