Canberra-based residential construction business
Offers above $2,0000,000 - buyer proof of finance required before the release of information can be provided. Please email interest in the business outlining how you would fund the purchase.
In 2020-2021 the business achieved annual sales of $7,000,000 and has signed agreements with deposits taken for 2021-2022 financial year showing confirmed turnover of $10,000,000.
The business consistently generates 5 A class leads a week. The medium value of a project is $250,000 with an average GP of 20%.
The business generated an annual profit of approx. $400,000 in 20-21 and has no significant debt.
While the profit as a % of turnover is lower than the industry benchmark, the business has significant staffing resources and manages the entire project life cycle in-house.
As a means of successfully transitioning ownership and transferring the signed MBA agreements would be via the sale of shares in the company.
In addition to the $400k in dividend profits, three owners receive approx. $100,000 each in wages and owner benefits.
Working capital requirements would be $500,000. This is the start-off cash required to be able to run the business successfully.
The business runs from leased premises in central Canberra.
The owners are prepared to vendor finance $500,000 of the purchase price under the basis component allocated to working capital requirements.
Ask Frank Walmsley about this business
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