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Sales & Installation Business for Sale

Trades-Based; Asset Protection; Proven History; Christchurch

$475,000 - Canterbury

#L001590

detail

Whilst at first glance it may appear that this business needs a “tradie” buyer – it doesn’t. It needs a well-organised person to provide customer service, quoting & sales skills. Every building in Canterbury needs the services provided by this business, so our vendor has focused on slightly more niche services within its market. This business model has been proven over many years, and this is the second time Tabak have had the pleasure of bringing it to the market in the last 20 years. Reason for sale is quite simply – retirement! Key business attributes include:

  • Clients are a mix of homeowners, builders, developers, property managers and the like
  • The business historically achieves around $1m in annual sales, with circa 20% falling to the bottom line as owner profit (EBPITD)
  • YTD sales tracking similar to last year with continued strong enquiry and positive forward orders
  • No staff – the owner is supported by a bunch of excellent contractors including “on the tools” and also a QS
  • Modest overheads
  • Consistently profitable for many years
  • Sale price includes circa $75k of stock & plant

The Market 

The Canterbury economy is travelling strongly with no sign of slowing down, with building consents, domestic & international migration and employment data all reinforcing this trajectory. The new owner can choose to operate as in the past and make a tidy profit and not be answerable to, or responsible for, staff – or they can potentially streamline systems and crank up the activity. 

The Buyer

This is primarily a sales business, albeit it would help if the new owner is comfortable in a measure & quote environment. The current owner purchased the business twenty years ago with just a sales background and a willingness to learn, and the business has provided them with a very comfortable living. They now wish to retire, leaving this cracking business available for a new owner with perhaps a touch more energy.

It ain’t broke – no need to fix it!!!


Net Surplus                  $186,232 EBPITD 
                                                               
EBPITD: Earnings before one Proprietor’s Drawings; Interest, Tax and Depreciation

Contact: Damien Fahey
Office: Christchurch

Confidentiality Agreement for Business Reference L001590, Broker Name Damien Fahey

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Limited (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above, I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party;
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. I acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office;
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Limited (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach;
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.
  11. Privity: For the purposes of Part 2, Subpart 1 of the Contract and Commercial Law Act 2017, the parties acknowledge and agree that the agreements and undertakings given by the recipient in this Confidentiality Agreement are given for the benefit of the Vendor and its related companies and representatives, and are enforceable at the suit of all or any of them.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
Mandatory Fields*