SOLD! State of the art products, business in a growth phase and scaleable. This business has an element of recurring service revenue that is increasing year on year.

This business was established by the original owners and has been in operation for over 10 years. The business imports and installs carpark management equipment. They also provide after-market service, preventative maintenance contracts, service contracts and consumables for their customers. The business is the sole Australian distributor for a well known and trusted European parking product known for their product reliability and latest in technology worldwide.

• Ideal standalone business or “bolt on” opportunity
• Good reputation in market place
•  Reliable and state of the art product
•  Sole distribution rights
•  Very price competitive
• Current sales $3M pa
• Good Gross Margins of 40%
• Opportunity for further growth in Sydney and interstate

Vendors will assist with a sensible handover and ongoing assistance to ensure continued success of the business.

One of the owners wishes to now retire whilst the other owner has a degree of flexibility and may consider retaining some shareholding and/or continue running the business in some capacity.

This business is suitable for an investor with marketing and business skills to expand the business. There is a good opportunity for a new owner to expand the business interstate to build a national business model.

Asking $1,900,000 includes equipment, fixtures and fittings, and goodwill. Stock required to operate this business is around $100K and is additional to purchase price.