Profit to Owners over $370K+
Business ID: XB158222
Established for over 20 years, this equipment hire business has evolved to meet customer needs, expanding from function and event equipment hire to specializing in catering equipment post-COVID. The business offers an extensive inventory, including marquees, combi ovens, cutlery, and large refrigeration units, catering to both commercial and residential clients. Customers can book and order equipment online or via phone/email, with services covering delivery, installation, and pickup. With a strong customer baseincluding catering companies, schools, councils, and event plannersthe business has built an enviable reputation without the need for advertising. Managed by the owner, one warehouse manager, and two casual staff, this business has ample potential for growth under new ownership, particularly in the sought-after Gold Coast area.
- Profit to owner averages $388k over the last 3 years
- $371K profit to owner in FY24
- Current estimated profit of $193k as of October 2024
- Extensive inventory of 500+ product range purchased for $1.1M
- Assets include vehicles, trucks, and forklifts valued at approximately $400k
- Strong database of commercial clients including schools, catering companies, councils, and more
- Opportunity to purchase the factory premises
- Well-established systems that could be further optimized for efficiency
The owner is offering a month of training as part of the sale, and for a smoother transition, the owner is prepared to provide further assistance at an agreed daily rate.
This business will suit a catering or function equipment hire business wishing to add a strong presence in the most strategic Gold Coast/Logan area enabling it to serve the South of Sunshine Coast to the North of the NSW region. This business could also suit an individual wishing to get started into this industry. To the contrary of many other industries, this business doesn't require any licence nor a strong knowledge of the industry.
Asking Price: $750,000
Property Code: 4171
