Industrial & Manufacturing business for sale in Normanton
- Industrial & Manufacturing
- Bs148261 Normanton QLD 4890
- $750,000 (GST na)
Electrical Trades with Govt Contract FNQ
Business ID: BS148261
Fantastic income to working owner - Can be run under management with ROI 45%+ Sale Price $750K inc of 4 bed property plus rental accommodation
Established over 6 years the business provides electrical repair and installation services of air-conditioning systems and electrical appliances for FNQ Government agencies, builders, commercial organisations and cattle stations. The working owner manages the business by providing quotes, ordering stock and scheduling skilled labour resources which include employees and subcontractors some of whom work on a 2:1 FIFO roster.
-Government contract in place guaranteed payments
-Contracts with local builders
-All stock, property, and equip assets included in the sale
-4 Toyota vehicles ($80K)
-4 Bedroom residence, recently refurbished ($150K)
-5 Bedroom 'Donga' style worker accommodation
-Avg revenue $1.5M pa
-Avg income to owner $600K+ pa
-$200K of parts included
The vendor will provide a 4-week handover to the new owner. This will be followed by telephone support for an extended period.
The owner wishes to semi-retire to his property near Cairns and undertake a lot of travel with his family. The business has sufficient profit to be run under management if required and should still provide the non-working owner over 45% ROI. A working owner may be able to pay off the acquisition (including property) in close to 2 years. With a Government contract in place, revenues are very secure and there is no shortage of work. Further expansion is possible if the new owner wishes to pitch for workers outside of the currently serviced area or undertake residential work.
Asking Price: The Property, Assets (including tools, stock and vehicles) and Goodwill are for sale for $750,000.