Sold! High Performance Resin Based Flooring And Protective Coatings Business
Business Sold Melbourne, Victoria 3000
Business Category Building and Construction
SOLD
Description
Sold! High Performance Resin Based Flooring And Protective Coatings Business
Business ID: BS151349
FY2023 Revenue of $2 million with adjusted profit of over $545,000
This family-owned business has a long-established trading and profitable history (since late 1980s) with an extensive and diverse customer base.
It predominantly supplies & installs its own proprietary brand of specialised, high-performance, commercial and industrial resin-based flooring systems to a broad range of customers across a wide range of industry groups. These industries include food manufacturers/processing, leisure/fitness (large commercial swimming pool complex & training centres), hospitality (Hotels, restaurants, bars, resorts, etc), public access areas (local councils/state agencies/ public transport authorities/ shopping centres) & most general commercial and industrial maintenance flooring applications.
Adding to this, approximately 15% of the overall sales/turnover also comes from the sales (retail & trade) of other surface coating systems.
Highlights:
- FY2023 Revenue of $2 million with adjusted profit of over $545,000
- Strong Gross margin between 43% to 54% over last 5 years
- Highly regarded & widely specified resinous flooring systems with proven formulation and registered trade name.
- Established Web-based / Retail business providing high-value unit sales comprising over 15% of annual turnover.
- Long-term relationship with local and overseas suppliers of manufactured products & raw materials.
- Small team of experienced employees and network of quality contractors.
- Relatively easy to operate with a small team of employees plus occasional specialist sub-contractors.
After working in the business for over 40 years, the owners are ready to sell and exit from this business. Depending on the experience of the new owner, a transition plan can be developed to ensure a smooth transition.
This business will be a good “bolt-on” to another “trade type” business offering flooring /surface protection solutions (eg. Tiling, concrete, commercial plumbing, etc…) or an individual with sufficient management /sales /marketing skills with business/corporate customers in the building & building products sector and in retail/trade sales. A buyer with a background or experience on large building projects/sites would likely find this business an easy one to take forward.
A quality business with a long history and outstanding market reputation.
Asking Price: $1,150,000 plus stock
Property Code: 3495
FY2023 Revenue of $2 million with adjusted profit of over $545,000
This family-owned business has a long-established trading and profitable history (since late 1980s) with an extensive and diverse customer base.
It predominantly supplies & installs its own proprietary brand of specialised, high-performance, commercial and industrial resin-based flooring systems to a broad range of customers across a wide range of industry groups. These industries include food manufacturers/processing, leisure/fitness (large commercial swimming pool complex & training centres), hospitality (Hotels, restaurants, bars, resorts, etc), public access areas (local councils/state agencies/ public transport authorities/ shopping centres) & most general commercial and industrial maintenance flooring applications.
Adding to this, approximately 15% of the overall sales/turnover also comes from the sales (retail & trade) of other surface coating systems.
Highlights:
- FY2023 Revenue of $2 million with adjusted profit of over $545,000
- Strong Gross margin between 43% to 54% over last 5 years
- Highly regarded & widely specified resinous flooring systems with proven formulation and registered trade name.
- Established Web-based / Retail business providing high-value unit sales comprising over 15% of annual turnover.
- Long-term relationship with local and overseas suppliers of manufactured products & raw materials.
- Small team of experienced employees and network of quality contractors.
- Relatively easy to operate with a small team of employees plus occasional specialist sub-contractors.
After working in the business for over 40 years, the owners are ready to sell and exit from this business. Depending on the experience of the new owner, a transition plan can be developed to ensure a smooth transition.
This business will be a good “bolt-on” to another “trade type” business offering flooring /surface protection solutions (eg. Tiling, concrete, commercial plumbing, etc…) or an individual with sufficient management /sales /marketing skills with business/corporate customers in the building & building products sector and in retail/trade sales. A buyer with a background or experience on large building projects/sites would likely find this business an easy one to take forward.
A quality business with a long history and outstanding market reputation.
Asking Price: $1,150,000 plus stock
Property Code: 3495
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