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Sold

Very Profitable, Enduring, Civil Construction Biz

SOLD

Average Cash Surplus to working owner of $445,000 over the last 2 financial years. This business is one of those rare businesses that enjoys a continuous workflow through the highs and lows of the New Zealand economy and as a preferred supplier in its industry it has high barriers to entry. It is Auckland based, has a long history - established in 1994, has formed very good relationships over the years and has a very strong client base. The business has a huge amount of work ahead including forward contracts and the 2015 turnover figures are expected to be in excess of the last financial year. All of this will be passed to a new owner. The current owners have limited the level of the business to suit their lifestyle, leaving a new owner the potential to grow the company to become a large player in this sector. The business would possibly suit someone with a background in the building or engineering industry. The Plant is in very good order and there is a very good, reliable and talented team of employees in place. A new lease will be offered for a 3 X 3 X 3 term with 2 yearly rent reviews; or alternatively the owners are prepared to offer a short term lease of 3 - 6 months should the new owner wish to relocate the business. While the owners would like to pursue their property development hobby and realise their extended travel dreams, they are prepared to offer a comprehensive handover. Asking Price $1.35 Million which includes plant. If you are interested and would like more information, please visit www.barkerbusiness.co.nz to register your details and submit the online Confidentiality for listing no #1844. When Neil receives the Confidentiality Agreement, he will be in touch. Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2015.

Details

Region Auckland
Price SOLD
Business ID BBS1844
Category Industrial/Manufacturing

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