151117 - Trade and Civil Contracting - $2,400,000
Location: Wellington. Ref: #151117. Public and Private Works;$10m Forward and Expected Work
Here is a well-known, well respected Wellington based large scale public and private sector operator. Established for 25 years this business has built up a strong loyal following of quality customers within the Wellington region.
Customers include Councils + Sub-division developers + Commercial and Residential developers. They are a preferred pre-qualified supplier of services to all Councils in the region. They attend large scale critical services maintenance and upgrades for Council.
They have $10m of forward and expected work ahead which is significant as they continue to price and accept new work.
The business have a team of qualified staff and utilise sub-contractors to smooth out their work load. There is a significant level of plant and equipment (estimated value $1.8m) which ensures their capability is not compromised.
Turnover range is between $5.3m and $8.7m over the past 5 years reviewed. There is a shortage of contractors in the region with major works in progress. Demand for services is currently greater than their ability to supply. This has led to a positive effect on tender margins gained.
The business would suit an owner operator, investor or business looking for expansion or bolt-on. The owners are happy to assist a purchaser in transition as required.
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Net Surplus: Net Surplus: |
6 months to September $422,000 YE March 2017 $627,000 |
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Net Surplus: |
YE March 2016 $1,125,000 |
EBPITD: Earnings before paying one Proprietor, Interest, Tax and Depreciation
Contact: Brodie Wilson
Office: Wellington
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