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Business ID BS2241

Niche Plant Hire Business For Sale

Adj. Profit $1.4M to owner operator last year and forecast $1.7M this year. Asking $3.7M (inc. equipment and goodwill)

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This very impressive equipment hire business was established and has been operated by the current owners since 2003.  The business is well-established & has a respected brand name that ensures that they secure repeat business. The business specialises in the provision of water trucks with broom attachments together with experienced operators, which are provided to large civil companies in the construction of roads, rail and dams. The owner has developed water trucks with broom attachments which gives them a distinct competitive advantage over other players in the industry.

The business has a number of corporate clients with which the owner maintains ongoing relationships. These contracts are underpinned by Government guarantees, which effectively underwrites any works performed. Most of the work is undertaken between Northern NSW and Queensland including Gladestone and Bowen. The current fleet of 15 water trucks, 2 graders and a backhoe is very well maintained and ideally suited to the work.

The owner has built up a solid team of loyal and long serving employees which now number at 21.

The business currently operates from premises in Coopernook 45 minutes South of Port Macquarie however the business can be relocated if required.

Business Highlights

  • Turnover forecast of $4,750,000 forecast this year. ($4,159K in 2012)
  • Adjusted Profits $1,568,000 forecast this year. ($1,347K in 2012) includes owners wages $120,000
  • Established for 10 years under original owner
  • Shown growth in revenues and profits with further growth opportunities available
  • Strong management in place
  • Strong customer service culture throughout the organisation
  • No immediate requirement for any significant capex in the medium term
  • Debtors contracts underwritten by Federal government
  • Strong barriers to entry exist
  • Owner estimates value of equipment in excess of $4M which could assist a new owner in securing finance
  • Owner willing to train and provide ongoing support

This could represent and outstanding opportunity for another similar equipment rental company to bolt on and take advantage of synergies that will exist. Alternatively this could be ideal for an astute operator who has a sound business background with good customer relationship skills.

This is a stand-out business with some very impressive profits to be made. To find out more about this great business opportunity inquire today.

Asking Price: $3,700,000 (including the equipment estimated value $4M)

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