Building & Construction business for sale in Sydney
- Building & Construction
- Sydney NSW 2000
- UNDER OFFER
$1.2 million profit with reoccurring government work.
The business is established and systemised, providing construction and maintenance services to the ACT government for the last 15 years.
It's suited to a mid-sized business investor-operator who can run the systems while the staff and contractors deliver the work.
With a strong flow of reoccurring high-profit, secure government work.
The current owner operates from home and has streamlined operations using customised and proprietary technology that automates work orders, invoicing and payments.
A buyer with experience in running mid-sized operations is suited, and while it is systemised, it needs someone with experience dealing with time-sensitive stakeholders.
The seller is prepared to stage payments with a 50% payment at settlement and deferred payment of the balance on renewal of the rollover contract within 12 months at settlement.
The business is priced at two times the average two-year PEBITDA, a reasonable $2.4 million.
Because of the structure and the security of the contract, the sale must be facilitated via the sale of shares in the company - to enable the assignment of the government contracts. Accordingly, the selling director's warranties will be provided, and a 4-8 week handover is offered.
Buyers interested must provide a statement of assets and liabilities and practical business experience before information will be released.
Please email Frank Walmsley at contact at auctionadvantage.com.au with the attached balance sheet and experience outlined (pdf)