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Code

RB514

Business Type

Electrical Services business

Area

Brisbane SEQ

Business Established

2008

Lease Remaining

Month – to - month

Can relocate if preferred

Rent (excluding GST)

$100,000 per annum (budgeted)

Vendor's Hours

Full time

# of Staff

8 (varies)

Trading Hours – Mon to Fri

Generally, 7.00am – 4.00pm 

Trading Hours – Sat – Sun

Nil – unless by arrangement

Approximate Turnover (excluding GST)

$5,000,000 FY2020 estimate

Reason for Selling

Other interests

General Information

Since commencing, the Electrical Services business has picked up many long serving Residential and Commercial Builders, focusing on new homes, shop fit outs, medical centres and multi residential developments such as Townhouse and Aged Care developments.

 

The FY2020 year is projected to have revenue income of $5m, and should return a full time owner approximately $370,000 EBITDA. This is subject to change in line with the winning / awarding of additional tenders/quotes and the magnitude of size etc.

 

The business has been successfully awarded large projects, up to $2.5m, seeing a steady 20-30% GM, showing how lucrative the industry can be.

 

The business has Energex/Ergon WCQA accreditations to perform works to Underground Construction, Overhead Construction, Public Lighting, Earthing, Large Customer Connections and Civil Construction.

 

Potential includes expanding into Tier 1 contracts and direct contracts with supply authorities, 5G communications roll out mounting assets on supply authority assets, all of which this business is accredited for. There is approx. $2m in contracted work on the books. There is another $5m pending, with a high probability of award. There is also some larger over $20-25m projects in open tenders/quotes.

 

The sale includes specialist cable installation equipment such as Redmond Gary 6T self-loading cable trailers, Redmond Gary Cable winch, Cable pusher with Skit steer, Flat Bed Truck, Dual Cab Tipper and Plant Trailers as well as specialist electrical installation and testing and Civil Construction Tools.

 

SAV (Stock and supplies) carried is approximately $250,000 and can vary

 

The business currently operates from leased premises, which has office, workshop and office space. It could be possible to continue operating from the same location or relocate. Alternatively, it could be an excellent addition (or bolt on) for an aligned company with an interest in this field, or wanting to develop a stronger presence in the marketplace.
 

The Owner is willing to offer a comprehensive handover.

 

With the right direction and leadership, the possibilities for growth and profit are endless.

 

Asking Price

$ 1,450,000 + SAV NEGOTIABLE!!!

 
For more information, please contact:
 Reg Butler  0438 189 657
reg@businesses.net.au
  
 
 
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