Building & Construction business for sale in North Lakes
- Building & Construction
- North Lakes QLD 4509
- $595,000 (GST na)
Scaffold Hire- $832k turnover with huge growth potential
This well established business hardly does any marketing yet it has more business than it can handle. Huge potential for growth for a new owner. This expansion could be achieved by updating the website and general marketing.
2017/18 Turnover of $832,985
2017/18 Net Profit of $429,728
The business could be placed under Management with the owners concentrating on marketing - they could quickly replace the Manager's salary.
This South East Queensland business for sale is in a growth market for the building of houses and, an industry tipped to be the next prime investment sector.
The current owner had no experience in the construction industry, so only general business skills would be required.
Monday to Friday from 5am until midday.
Operates from an open paddock with an on-site shipping container as an office. Storage can remain rented on this site or you can move it to a site that suits your location. Rent is $60,000 per annum.
One owner plus 2 staff and 2 contractors.
Reason for Sale:
This business is for sale due to family reasons, this means an opportunity for you.
About the Business:
This business for sale operates from the Sunshine Coast to the Southside of Brisbane. All work undertaken is carried out using well maintained equipment.
There are more growth suburbs on the Sunshine Coast than any other local government area in Australia. The region has evolved beyond its tourism tag. It is transitioning to becoming a well-rounded regional economy and it is happening largely through infrastructure spending, some of which is creating new industries.
The Sunshine Coast University and the $2 billion University Hospital are examples of regional game-changers. There are these whole new industries bringing lots of new people to the Sunshine Coast and many of them earning good money.
The Kawana precinct between Maroochydore and Caloundra will see demand from both owner/ occupiers and tenants’ ramp up the construction industry, while the airport expansions and the Maroochydore CBD renewal have driven up prices allowing further construction. This strong growth will have a run on effect for businesses involved in building, construction and related services such as this scaffolding business.
Established 10 years ago by two brothers, although only one of the brothers is currently working in the business.
Initially they started with some painted steel kwikstage scaffolding which accounts for approximately 30% of the inventory. They then grew the inventory using galvanised scaffolding.
The business has grown strong relationships with five main builders, the biggest of which built 50 in a project, this builder alone has ongoing work for 2 years.
The owner is hands on attending every site each day. He is generally finished by noon.
$595,000 Includes assets with cost price of $450,000
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|Last updated||8 Sep 2019|