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 manages projects 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. 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: Brett Davis
Office: Auckland
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