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Commercial Building Services Business and Freehold Net Profit $991,238

$6,100,000

Southport, Queensland

Commercial Building Services Business and Freehold Net Profit $991,238

This unique business supplying services to the construction industry combines two individual income streams into one. Both businesses have been established for over 30 years, are owned by the same vendor, and share the same premises.
The businesses have a combined revenue of $4.71m for 2020 and net profit for 2020 of $991,238. With a purchase price of $2,500,000 that is a return of investment of almost 40%. Combined with the freehold valued at $3,600,000. Total price of $6,100,000.
Business 1 (2020) Sales $3.2m Net Profit $582,911
Business 2 (2020) Sales $1.45m Net Profit $408,327
Combined (2020) Sales $4.7m Net Profit $991,238
Located on the central Gold Coast this is an excellent opportunity for a buyer to capitalise on not only the profits of the businesses but also the Capital growth moving forward of the 10,850 sqm of highly sought-after industrial land.
All trained and experienced staff are in place and the current owners are also willing to stay on in Management roles if required.
With a full-time estimator in place, there is a continuous flow of contracted work with large Commercial builders, Government Organisations, tier 2 Developers and anything in the engineering-related fields. This has allowed the sellers to dominate tenders and have a continuous flow of repeat clients and referrals in the industry. Over $1.1m of equipment is Included in the combined purchase price of $2,500,000 for both businesses.
This is a very rare opportunity to purchase a very well established industry icon with two solid income streams and the additional opportunity to purchase the land or enter into a long term lease.



A comprehensive business information memorandum is available for suitably qualified purchasers by completing our confidentiality agreement using this link https://forms.gle/25Nj3svELja5Pe5y5

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Last updated: 3rd December 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Southport
State
 Queensland
Price
$6,100,000
Category
  • Building and Construction

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Contact

Dru Morgan