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Business ID BS141617

Building Company Specialising in Restorations and Bathrooms. Very Profitable - Sydney

T/O $3.24m pa. Owner's Income $1.66 mil pa. Sale Price $1,900,000

The business was started by the present owner 25 years ago in 1994 as a tiling and bathroom specialist but has grown to undertake renovations of both large and small homes mainly in Sydney’s more affluent suburbs. The company does not undertake the building of new homes and is not affected by the recent slowdown in the new homes industry. In fact, quite the opposite has happened with more people now renovating their homes in quality suburbs, rather buying new homes, and the turnover of the business has increased substantially this year.

BUSINESS HIGHLIGHTS

  • Established 25 years
  • Reputation for Trust and Reliability
  • Strong Referral Network 
  • High Margins
  • Preferred Supplier to Designers and Architects
  • History of Profits
  • Grown Every Year of Operation
  • Systems In Place
  • Could be run Under Management
  • Loyal Long Term Employee

The owner is happy to remain on for a period of time to assist with the smooth transition of the business to a new owner.

This is traditional building company with trusted employees who provide a high quality of workmanship and as a result have been able to choose their renovation project and maintain higher margins. This will suit anyone in the building industry who can see the benefit of this ethical policy and wishes expand the business on this reputation. 

Asking Price: $1.9M for the assets and goodwill; Stock is not included and is estimated at $40,000 but will be valued at cost as at the date of settlement.

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Business Sale Price:
$1,900,000
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