SOLD! Remedial Building Company For Sale – Sales $4.4M p.a.

This well-established mid-sized building company specialises in waterproofing, remedial building repairs of all types and passive fire protection.

The business (in one form or another) has been a respected member of the building industry for over 20 years and of the 12 permanent staff within the business, the average tenure of service is an impressive 19 years.

Primarily offering its services to the greater Sydney region, this business prides itself on supplying its customers with long lasting solutions to Building Problems. Its customers consist primarily of Consultants, Engineers, Strata Plans, Strata Managers, Building Owners, Building Managers and Schools.

Annual business revenues are on average $4.4M and the business estimates an average market share of between 4-5% with almost all works completed under a contract. Work is priced to achieve a target gross margin of 35% with each individual job priced from a cost up basis.

Business Highlights

• Consistent turnovers of $4.4M p.a.
• Well-established within the industry
• Profit $688K (including owners wages).
• Experienced and loyal staff willing to stay on with the business
• Significant scope to grow this business with rising housing development
• Owner willing to provide training/support

Sales Price: $521K includes goodwill and intellectual property.