Business ID: XB157901
Two teams working under self-supervision - Profits over $800k+
This contracting business specializes in assisting builders and residential clients in levelling their concrete floors to meet industry standards and tolerances, particularly for hard flooring materials. Serving both commercial and residential sectors, the business has seen a notable trend towards working on larger sites over the past 2 to 3 years, including high-rise and smaller building projects.
Operating with two autonomous teams, the owners have been able to focus on managing operations and securing new contracts. Revenue and square meterage worked have shown significant growth, attributed to the implementation of Safe Work Method Statements (SWMS) developed in collaboration with a major builder and the acquisition of a QBCC license in 2020. This has led to larger builders entrusting the business with progressively larger projects.
The business prides itself on accommodating tight deadlines for clients while maintaining efficient quality control measures across all jobs. With a dedicated staff of 5 to 6 key employees prepared to support future growth, this business presents a compelling opportunity for prospective buyers.
- EBITDA expected to be over $800k for FY24,
- EBITDA YTD close to $600k end of February 24,
- Average EBITDA last 3 years will be above $550k,
- Business offering a compliance service,
- Business is working on larger and larger sites,
- Effective Quality Control in place,
- Licencing and SWMS in place allowing access to larger job sites,
- Key Staff capable of taking on more responsibilities,
- Simple service and delivery process,
- High Achieving teams.
One-month training period will be offered as part of the sale.
This business presents an ideal opportunity for a waterproofing or concreting company looking to venture into a higher gross profit segment and engage with larger-scale projects. Additionally, it could appeal to a partnership between an investor and a seasoned waterproofing or concreting supervisor seeking entry into the floor levelling niche. However, it may not be suitable for investors lacking the necessary licensing credentials.
Asking Price: $1,200,000 plus Stock(around $50,000)
Property Code: 3880
