Are you looking to start your own business but don’t know where to start? Why not buy a business with a current market and profitability but less than the cost of replacement value...?
About the Business:
This scaffolding business has been in operation in one form or another for approximately 20 years. With the current owner looking to retire it now presents as a fantastic opportunity to buy an established business with growth potential.
• Strong Profits: Profit to a full-time owner operator for 2023 of $248,735.
• High Demand for Serviced: The business, being tied to the construction industry is experiencing strong demand for their services with average hire occupancy operating more than 70%.
• Steady recurring hire incomes: Due to the nature of the business, the income from weekly and daily rate of hire provides a consistent and profitable cash flow to the owner.
• Owner works approx. 20 hours per week: The current owner has a sub-contractor that installs most of the scaffold meaning he is currently operating the business as a passive operation and income stream. A more energetic and enthusiastic owner can increase the take home profits but installing themselves.
• Asset Value Only: The value of the assets (including a motor vehicle) is estimated to around $400k with an original purchase price well in excess of $1.1m
• Proprietary Management System: The owner has developed his own proprietary quoting system which enables the job to be quoted on a desktop basis with ease.
What's Included in the Sale:
• Established brand and a strong reputation
• An extensive list of Scaffolding and accessories, including a Motor Vehicle.
• All IP, existing contacts and partnerships with suppliers and clients
Reason for Sale: After years in the industry the owner has reached retirement age.
Growth Potential: The business is showing a strong financial uptrend which provides a strong base to expand into other areas of hire.
If you are considering entering the high demand scaffolding and hire market, then this business at asset price only presents an excellent opportunity to invest.
All inquiries and discussions will be treated with the utmost confidentiality.
FOR SALE: $395,000 WIWO
Contact the exclusive broker:
Benchmark Business Sales & Valuations
M: 0419 198 584
T: 1300 366 521
If you’d like to know more about this business, go to our website www.benchmarkbusiness.com.au and use the reference: bus5161 to search for the business.
Please ensure you have the necessary capital before expressing an interest in this business.
The image shown is for illustration purposes only and may not be an exact representation of the business.
Benchmark Business Sales and Valuations