Plant & Equipment Wet Hire Business for Sale! Includes P&E of $1.7m

Industry: Professional - Brokerage, Professional - Property/Real Estate, Professional - Brokerage, Professional - Property/Real Estate | Listed by: Business Brokers Network Australia


Key Strengths:


About the business

Revenue
$3,000,000 pa

Location Details
Located in the Greater Brisbane area

Potential
Diversify into:
Fixed rate/long hire work. Currently only doing a very small volume of this type of work
Dry-hire work
Contract repairs for other earthmovers and sub-contractors
Increase marketing and social media exposure
Opportunity to up-sell complimentary services such as silt barrier construction to existing clients

Skills
* An interstate or regional operator seeking strong representation in SEQ
* Operators struggling to source Plant & Equipment and employees
* Private Equity groups looking at roll-up strategies in a buoyant but fragmented sector

Hours
Monday-Friday 8:00am-5:30pm

Lease
This business is currently run from the current owner's premises, the new owner will need to relocate the business.

Employees
15 including the owner

Reason for Sale
The owners are looking to retire

About the Business
An attractive investment:

* Turnover: $3m (5 year average)
* Investment required: $2m
* Plant & Equipment value: $1.5m
* Recently upgraded and meticulously maintained equipment
* Ability to relocate the business to a location of choice
* Excellent relationships and repeat work

The business is one of the few general hire earthmovers who own their own fleet, and directly employ the operators, although more capital-intensive it gives the business a higher degree of control over service delivery, and therefore a higher quality of service, for which they can charge a premium, relative to their competitors.

The business services primarily commercial customers including local and interstate builders, landscapers, plumbers, concreters and civil contractors. Clients also include cross-hire and subcontract work with other local earthmovers.

The business has a large number of distinct, repeat clients with a very diversified client base. The business is not heavily dependent on a single or concentrated small group of clients with no client representing more than 10% of the business's turnover.

History
Owned and operated by the current owners for over 25 years
Know someone that could be interested in this?
Asking Price:
$2,000,000
Yearly Profit :

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Country

Australia

State

Queensland

Suburb

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Postcode

4000

Locality

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Established on

Contact the business


Revenue

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EBITDA

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Contact Details Verified

Email Broker Verified

Advertiser Details
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

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