Listings } Tabak

291117 - Premium product installation - residential and commercial - $687,384

Location: Auckland. Ref#: 291117. Winner of various industry awards.

 This business was formed 16 years ago and is for sale for the first time, due to retirement.

It installs a range of products in both the residential and commercial sectors. The client base is very diverse, with only one client making up more than 5% of 2016/17 sales, and 70% of clients individually making up 3% or less of sales.

There are significant volumes of forward work. The business has won several industry awards.

Business Strengths:

  • Quality product with reputation for reliability and service
  • Very broad client base - mix of commercial and residential clients
  • Fundamentally simple installation only business model - not a manufacturer/fabricator
  • Owner drives sales rather than being 'on the tools'
  • Client deposits reduce credit risk and create positive cashflow
  • Strong pipeline of forward work
  • Price includes $63,000 of stock and $64,000 of fixed assets at net book value
  • Ability to further grow client base through marketing
  • Mainly a Monday to Friday operation
  • Owner is currently working less than full time - thereby creating an opportunity for the purchaser to increase sales

This business will suit someone with good practical and general management skills, and a desire to grow the business. It may also be an attractive add-on for an existing business that is looking to grow. The owner is happy to provide an extended handover if this is considered beneficial.

Net Surplus: $261,562 projected 2017/18, $229,128 actual 2016/17 EBPITD

EBPITD - Earnings before paying one Proprietor, Interest, Tax and Depreciation

Contact: Jonathan Barrett

Office: Auckland


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