SOLD! Concrete and Waterproofing Repairs Business for Strata/Body Corporate – QLD

Since its establishment in March 2020, the business has experienced growth, specializing in addressing concrete and waterproofing issues for strata and body corporates managing medium-sized buildings up to 20 storeys. Its strategic location on the Gold Coast offers an ideal opportunity for expansion.

Over the past three years, the business has collaborated with a significant number of building management entities, engineers, and project managers throughout the Gold Coast region. All these valuable contacts have been diligently maintained within the business’s database.

By late 2022, the business had expanded its workforce to include four technicians in addition to the two owners, demonstrating its readiness for further growth. The owners have implemented quoting systems and introduced quality control and project management software to continuously enhance productivity and efficiency. These measures ensure the business maintains its reputable standing.

Currently, the business experiences employee fluctuations and addresses this by recruiting contractors on a project basis. This staffing approach is intended to continue until the business is eventually sold.

• Over $680k turnover in FY23
• Project Management Software in place
• Large database of Gold Coast Building Management entities
• PEBITDA for the two owners of $250k+ (Average FY22 & FY23 YTD end of April)
• Tested and Successful Jobs Estimating Model in place
• Great business reputation
  • Business has won projects between $5,000 and $190,000 worth
  • A large Industry demand for remedial services in waterproofing repairs and concrete remedial

Terms of settlement: The handover period and terms will need to be negotiated.

The business presents an excellent opportunity for an established company holding a QBCC license to acquire the existing database and upcoming projects that have already been secured. This would allow for a seamless transition and enable the company to capitalize on the business’s current momentum.

Alternatively, the business could be an ideal fit for a team of contractors who hold the appropriate QBCC license and aspire to venture into entrepreneurship. Acquiring an established business like this would provide them with a valuable head start, enabling them to accelerate their growth trajectory.

Asking price:  $180,000 + Stock