Construction: Civil Earthmoving and Demolition Business – EBITDA averaging over $2M – Brisbane

The business employs approximately 30 staff and specialises in mid-sized civil projects, with project values ranging from several hundred thousand dollars to over $3-4 million. It has earned a strong reputation among developers and builders throughout Greater Brisbane.

The business boasts a well-maintained, modern fleet of equipment supported by approximately $3.5 million in asset loans, underscoring the recent and quality condition of its assets. Key factors driving its success include a dedicated investment in compliance and safety, demonstrated by hiring a full-time Health and Safety Officer in 2021 and utilising specialised compliance and scheduling software. Additionally, the business employs a full-time estimator, a Construction Manager, a General Manager, and a part-time CFO to streamline operations.

With a focus on both civil construction and small to large demolition projects, the business is supported by an experienced job supervisor. The well-maintained fleet is further supported by two in-house mechanics and approximately $1 million in tools, equipment, and spare parts.

The owner oversees key roles and occasionally supports on-site activities, boosting team morale without actively holding a formal position within the business.

• Average EBITDA of $2M over the last 3 years
• Profits of nearly $2.2M in FY24
• Profits projected to exceed $2.2M in FY25
• Secured projects totalling over $10M as of 31/10/2024
• Strategic location positioned to benefit from upcoming government infrastructure for the Brisbane 2032 Olympics
• Business structure operating under near semi-management
• Turnover exceeded $10M in FY24, expected to surpass $12M in FY25
• Asset insurance valued at over $7.5M, plus tools, parts, and repair equipment worth over $1M
• Loaned equipment valued at $3.5M
• Dedicated Health & Safety and Compliance Manager in place
• Strong trading terms with long-standing clients

The owner includes one month of training as part of the sale to ensure a smooth transition. Additionally, the owner is open to staying on for a longer period, subject to an agreed-upon remuneration.

This business is an excellent opportunity for an equity firm looking to enter the industry and capitalise on the rising infrastructure demand in the region. With substantial equipment assets, a significant portion of the asking price could potentially be funded through asset-backed financing. It also presents a strategic fit for a large civil and demolition company seeking to establish a strong presence in Brisbane.

Asking price: Offers over $7.5M on a cash-free, debt-free basis (does not include working capital).