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Business ID BS9807

Home Additions Business For Sale - Newcastle

FY 18 Revenue $1.8m & Income to Owner $350K+ (for part time employment).

Growing revenues and very strong profits with low overheads!

This is an independently owned and operated supplier of patios, decks, pergolas, gables, screen and glass enclosures working 'close to home' in the Newcastle, Lower Hunter, Port Stephens and west Lake Macquarie area.

The business works with 2 key suppliers, one who supplies leads to compliment the enquiries generated by way of low cost social media advertising.

Business Highlights:

  • Growing revenues, with 30% GP and NP 20%
  • Low operating overheads
  • Sales by way of commission only
  • Subcontract installation teams in place
  • One part time admin staff to support owner
  • Excellent office, display and storage facility
  • Close links to M1/Hunter Freeway and NE Hwy
  • Close to major residential growth and large established suburban population and rural properties

The owner will provide a 2 week handover after settlement. The owner is also willing to negotiate to assist the buyer for a longer period if required before moving away from the area to retire and return to Northern NSW.

This is an extremely well managed business and one that has excellent documentation and workflow processes in place. A new owner should have no problems with continuing too oversee (or work in) a very successful business.

The owner currently oversees the operation of the business and typically works around 20 hours per week. Even greater profits could be achieved by a builder wishing to undertake the construction work rather than subcontract these tasks out. Further growth is envisaged when a second commission only sales rep joins the company in 2019.

Asking Price: The business is for sale for $650,000 which includes Goodwill, Plant and Equipment. The business holds a very small amount of stock and this will be charged seperately.

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