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Trades Services Business for Sale - Dunedin

Diverse Revenue Streams; Wide Customer Base; Market Leader

$1,295,000 incl stock and plant - Lower South Island

#L001672

detail

The Business

Generating over $3m + GST of annual sales this business generates consistent margins from a variety of differing work types – all largely associated with physical asset protection. Whilst some B2C work is completed there is a strong representation of B2B clients, with business strengths including:

• Well established & profitable; strong forward orders
• Credible supplier using market leading brands
• Very diverse client base – so low customer risk
• Established and extremely competent staff
• Extensive systems & process

Experience Required

The current team is experienced and well capable of meeting their client needs, being multi-skilled across a range of disciplines. However, our vendor is also experienced in managing the team, clients & suppliers, and the buyer will benefit from at least a middle management work history and/or experience in the membrane roofing & waterproofing/sealant sector.

The Buyer

The buyer could be either a working owner to replace the retiring vendor OR perhaps a trades services business wanting exposure into this geographical market; or wanting to add to the range of services it provides. Useful backgrounds for a new owner include:

• Construction or project management
• Any of the sub-trades including application & installation
• LBP experience (ideal for builder wanting to get “off the tools”)
• Very competent handyman or DIY person

This is a market leading business that has earned its reputation & success in a growing market.

Net Surplus EBPITD $608,505
Net Surplus EBITDA $508,505

EBPITD: Earnings Before Proprietor, Interest, Tax and Depreciation
EBITDA: Earnings before Interest, Tax, Depreciation and Amortisation

Contact: Damien Fahey
Office: Christchurch

Confidentiality Agreement for Business Reference L001672, 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*