SOLD! Very Successful Electrical Contracting Business – Gold Coast

Servicing a diverse client base located between the Gold Coast and the Byron Bay hinterland this 15-year-old business has an excellent reputation in the region.

Annual revenues average around $1.2M per annum from a mixture of Commercial and (High-end) residential customers (no project homes). The business provides installation and repair services for a number of builders, some of whom provide restoration work on behalf of major insurers.

• Fantastic lifestyle location
• 4 F/T staff and 2 casuals (plus owners)
• 5 Full-time Qualified Electricians
• GP 85%+
• Operating hours Mon – Fri, 7 am-3 pm
• 2-3 week closure over Xmas/NY
• Very low overheads (home office operation)
• Approx $150K equipment and vehicle assets included
• Owner able to take time away from the business

The owners will provide an effective handover to the new owner(s). This will include a 2-week period as part of the sale and further time can be discussed and negotiated before the sale.

This is an excellent business operating in a very buoyant area with major Commercial and Residential projects underway. The area is growing quickly as a result of migration of (often cashed up) people from the major cities of Sydney and Melbourne, as well as from significant Government investment in the health sector.

The investment in the health sector is attracting many well-paid Doctors and Specialists to the area resulting in the construction of many high-end residences or refurbishment of existing homes.

The business does not need to be purchased by a licensed electrician as staff are in place to perform this work.

Asking Price: The goodwill and assets of the business are for sale for $549,000. Stock will be charged separately at cost (approx $20K)