Business ID: XB157448
Avg EBIT $800K+ pa - For Sale by Expression of Interest
Established over 15 years ago this business provides Electrical Contracting services by way of 14 full-time qualified electricians to a mix of mine sites, the Power Generation industry, and corporates.
Work is performed under contract for all major customers, with the main contract having over 2.5 years still to run. Labour rates under that contract have recently been increased which should result in even higher profits in FY24.
- Annual revenue $3m+
- Long history of successful operation providing repair/maintenance and audit services
- Very low overheads
- Over 93% of staff generate revenue
- Assets required for the business operation included
- Excellent safety record through careful staff selection
- Strong industry connections
- Over $300K of annual work booked out until 2028
- Owners work input equal to 1 x FTE
The vendor wishes to provide a smooth transition to new ownership and will include a month's handover as part of the sale. A suitable non-compete clause will be included in the contract of sale.
This is an excellent business that maintains an enjoyable working culture for its staff. Profits are very robust and Due Diligence may identify a stronger EBIT than advertised.
Asking Price: The business is for sale by way of either a sale of shares or Goodwill and Assets. All interested parties are encouraged to submit an Expression of Interest.
Property Code: 3840
