Sold! Garage Door Supply And Installation Business – Brisbane

Business ID: BS152744

Owner Operated. Leads from various channels with no Marketing - Turnover end of January FY24 $600,000+

Established in 2020 with a clear vision centered on providing exceptional communication and service, this business quickly forged partnerships with insurance companies, builders, and reputable garage door brands, leading to a steady influx of work. Emphasizing attributes like speed, communication, and reliability, coupled with actively soliciting and incorporating customer feedback, the business experienced rapid growth. This growth necessitated the hiring of a full-time administrative staff member, the acquisition of a truck equipped with a crane, and securing workshop space. Throughout fiscal year 2023, concerted efforts were made to streamline paperwork, refine processes, and implement efficient systems, resulting in smoother overall operations and increased capacity to handle larger workloads. Additionally, the business began utilizing subcontractors more frequently, effectively forming a secondary team of installers to accommodate the expanding demand.

- FY23 profit of 188,000 for owners, which includes wages for the owner and over $238,000 for a husband and wife partnership.

- Projected profit for fiscal year 2024 is on track to reach $180,000 Profit inclusive of owner’s wages or over $230,000 for owner and wife partnership.

- Sale includes unencumbered tools/equipment and a Ute vehicle.

- Established accounts with renowned garage door brands are included in the sale.

- The business maintains positive cash flow with favourable trade terms.

- Steady flow of work is consistently sourced from various channels.

- Established connections with contractors and subcontractors

- Robust processes, systems, and record-keeping are already in place.

- Services are primarily provided in the Greater Brisbane area.

- Occasional travel may be required for larger insurance jobs.

The owners are committed to providing a thorough handover to the purchaser, ensuring a smooth transition and comprehensive transfer of knowledge and operations.

This business presents an ideal opportunity for a husband and wife team seeking involvement in an established venture. With the sellers having received approximately $250,000 in combined wages and distributions in FY23, the business offers the advantage of immediate income, which can be appealing for families seeking financial stability. Additionally, for existing garage door installer businesses looking to expand into the Brisbane market, this opportunity could provide a strategic entry point for growth and market access.

Asking Price: All offers are considered.

Property Code: 3786