SOLD! Skip Bins Business for Construction, Local Council and Residential – QLD

With over 310 skip bins operating from Sunshine Coast up to the Hervey Bay region. The business has been founded in 2009 and run by the current owners since early 2019. The business has grown by 55% since the takeover and by 30% from FY 21 to Fy 22 and has established itself as the largest skip bins business in its immediate vicinity. 95% of its sales are coming from repetitive clientele while 5% is coming from the residential market.

• Over 310 skip bins of different sizes
• Less than 10% of turnover in Waste Charges – Find out how it has been achieved
• Yard large enabling significant growth before reaching capacity
• Over $1.250M of Assets (independently valued)
  • 5 trucks 
  • 3 truck drivers
• Turnover over $1M in FY 21and forecast of $1.2M for FY 22
• Profits over $440k in FY 21 
• FY 22 YTD Profits of $480k and YTD Revenue $980k
• Forecast for Full FY 22 of over $600k and Revenue of $1.3M+ in FY 22
• 95% of sales coming from repetitive customers,
• 5% from Residential Market

The business is catered to grow. The owners will be offering training for a smooth handover.

This business is suitable for investors which want a foot in the construction industry without the headache and complexity of skilled staff shortage. A simple business offering a simple service that requires no special skills with the exception of a Heavy Vehicle Licence for the drivers. The business can easily grow via acquisition and by inserting more technology. Secured investment with a large component of assets making up more than 65% of the asking price, this business can be even more optimised with more use of computing power. The growth could also come from more logistical tactics, a larger network, and tendering skills. A rare opportunity in the heart of a growing region.

Asking price: All offers considered.