SOLD! Earthmoving, Demolition and Asbestos Removal – Construction Business – QLD

The business was started in 2000, operating in the Construction and Demolition Industry as well as the removal of Asbestos. It also offers wet hire & full scope quoted projects to builders (From 1st Tier to local builders), trades but also directly to homeowners within the Southeast Queensland realm.

Ran from a solid office team with 3 full-time staff and one part-time employee, the business has a strong structure and could easily grow with its next owners. The current owner will be able to assist the new owners to ensure a smooth transition.

• Independent asset valuation of $1.5M
  
• Profits averaging at $580k per year over 5 years (inclusive of FY 22)
  
• The company has an Asbestos Removal Business Licence and holding a Supervisor Licence
  
• Full range of equipment allowing all types of work to be handled internally averaging 15 site employees
• 3 office staff
  
• FY 22 YTD with $720k+ EBITDA

To facilitate a smoother transition, one of the partners will be happy to stay up to 12 months to transition the office team while the other owner would be able to stay indefinitely to ensure a strong continuity with clients, transfer of the technical knowledge & licensing, and retaining/training the onsite teams.

This business would suit another Earthmoving company wanting to offer a wider range of services or to expand its presence interstate. 

The company has recently recruited an experienced Civil Construction specialist which positively impacted the YTD Turnover and Profits. The current owners can really appreciate that experienced staff in different lines of services combined with the long list of contacts that the owners have accumulated over the years, can really get the company’s performance upwards.

Asking Price $1.8M inclusive Goodwill and Assets.