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Sold

Construction, Earth Moving, Drainage, Heavy Landscaping

SOLD


Location: Anywhere in greater Auckland.

Asking price: $1,895,000, including plant and machinery ($545K at current book value).

The owners of this fantastic business have decided after 40 years in the same industry and tell us it s time to step back and retire, leaving behind a very well-structured, growing business with an excellent reputation for a new, driven entrepreneur to take it to the next level.

Advantages:
- Required service at the beginning of any construction cycle - pace setter.
- Strong forward orders to grow business sales, margins and bottom-line.
- Machinery easily relocated from one project to the next.
- Assets at book value, market value likely to be considerably more.
- Business is successful based on word of mouth, doesn't even have a website but there is significant opportunity for someone with a marketing flair to push the business online.
- Significant upside potential for the right buyer to grow the business exponentially by capturing a much larger portion of the existing expanding market and by diversification.
- Has a solid reputation for high quality finished projects.
- Strong relationship with commercial, industrial, residential, building company clients.
- Reliability and urgency have earned the business an excellent reputation.
- Can be run under management.
- 1 owner willing to stay on as manager or as a contractor.
- Relatively easy business to learn.
- An essential part of the construction industry.
- Substantial return on investment.

EBITDA averaged over $610,000 per annum between 2015-2018, (even after expensing $100,000 for a potential Manager).

Asking Price - $1,895,000 and includes Plant & Machinery at book value ~ $545K (market value likely to be substantially more).

If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BBS2369, register your details and submit the online Confidentiality Agreement. Once Richard receives your expression of interest he will be in touch.

*Source of information - Supplied by the Business Owner.

Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2018.

Details

Region Auckland
Price SOLD
Business ID BBS2369
Category Services

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