Sold! Steel Sales Business (no Qbcc Licence) – Brisbane

Business ID: BS154040

Established 16 years ago, Consistent performance and easy to run Business EBITDA over $800k+ in FY 23 - Sale Price $1.79M + Stock (Asset Sale)

The company provides Steel to the manufacturing, construction, and related industries. It has undergone significant growth and has established a strong market position, catering exclusively to high-quality customers who consistently pay on time and are loyal. The company takes pride in sourcing top-notch steel directly from a mill with a 60-day end-of-month account, and it has also built solid relationships with local distributors. This enables the company to offer rapid turnaround times and competitive prices. It’s worth noting that they have implemented a tiered pricing system to attract larger orders and walk-in customers seeking odds and offcuts. The later customer group is marketed under the business’s general trading name, which has helped improve its search engine ranking on platforms like Google. The company has streamlined its operations with efficient systems, resulting in minimal delivery errors despite handling over 40 tons of steel each week. The owner’s involvement is limited to around 20% of the quoting and sales process, and they are not engaged in day-to-day operations. Additionally, the owner owns the premises and has implemented a dual synchronized crane system, ensuring a safe work environment and enabling fast order preparation and truck loading.

- Over $5M in turnover

- Constantly over 30% of Gross Profit Margin

- Over $950k in PEBITDA

- Over $800k in REAL EBITDA

- Simple Steel Sales Business to run

- Established Tiered Pricing System attracting Cash Sales alongside with Large Orders

- Fantastic positive Cash Flow

- Sourcing Steel directly from the Mill, local distributors and imports of quality steel

- Roadmap with ample opportunities to grow

- Stable Staff

- No QBCC Licence required

- Great ranking on Organic Google Search

The owner is willing to support and assist the new owner during a two-month training period (at an agreed hourly rate) to facilitate a smooth transition.

For steel businesses seeking to establish themselves in the region, this well-established business presents a prime opportunity to acquire a solid and recognized presence. It could also be a suitable venture for an entrepreneur looking to enter the steel industry, considering the increasing demand for infrastructure in the region. This demand is being driven by various governmental infrastructure projects and the upcoming 2032 Olympic Games.

Asking Price for an asset sale of $1.79M + Stock (up to $500k)

Property Code: 3464