SOLD! National Service Company Specialising in Electrical Safety – NSW

Primarily based in NSW with a Victorian branch handling its own service allocation, the operation of this business can be relocated if required without hindrance to sales, service, or administration.

The businesses use cloud-based software developed specifically for the business being conducted and administration tasks are minimised by the integration of the field service software used by the 22 technicians employed by the company and the administration function. 

Long-term contractors provide services outside of NSW and Victoria.

• 28 experienced employees in place including a GM
• $3.06m annual (service) revenue in FY23 with 18.9% Net Profit
• Major new customers and projects in FY24
•  Q1 FY24 service revenue $849K with 31% Net Profit
• No stock required
• Tech staff only require a two-day accreditation course
• Experienced General Manager in place
• Extremely diverse and numerous client base
• Customers include 52 Colleges, Woolworths, ABC and 2 Unis
• Premises available for purchase if required ($450K)

The vendor (and GM) will provide every assistance to help achieve a successful handover. A handover term to suit the purchaser can be negotiated to a maximum of 6 months. A minimum handover period of 2 weeks is included with the sale.

This is a 20-year-old business specifically established to assist businesses comply with the Government’s requirement for every employer to provide a safe workplace for its employees.

As such there is still significant scope for further growth in both revenue and profits with each technician capable of performing 800-1000 billable actions each week.

The client base could also allow a buyer with different skill sets to introduce new services to a large number of customers.

Asking Price: The business goodwill and assets are for sale for $1.3m. There is no stock to purchase. The vendor will give consideration to selling the shares of the company if it proves to be beneficial to a buyer.