Rarely to you come across something that tick all the boxes however this is one of those opportunities. Situated west of Brisbane it has all the market as it is local with anyone trying to get in can't as they must travel so far and the industry charges milage- so they are immediately uncompetitive. Add to this the first-class equipment that they hire plus plenty of local labour. Exceptionally strong growth of many years with profits growing every six months. This area is growing and booming. Invest for a high return and have a great lifestyle.
Revenue
FY 2024 $866,777
Net Profit
FY 2024 $410,304
Potential
Grow the fleet of Specialized Crane Vehicles and continue to take advantage of the growth of the region which needs this business to achieve its goals. Current Population Over 42,000 and over 3,000 businesses
Skills
No specific skills required an operator's licence take about 2 weeks to complete. The team is also qualified.
Hours
6am to 4pm Monday to Friday
Lease
Month to Month $640
Location
100 kilometres west of Brisbane
Employees
5 staff as needed 1 full time plus 2 owners
Reason for Sale
Focus on another project in the area.
About the Business
The Australia Mobile Cranes Rental Market size is estimated at $528 million in 2024, and is expected to reach $668 million by 2029, growing at a compound rate of 4.81% during this period
After a short period of decline during Covid, the economy of the country began to rise and encouraged investment in residential and commercial projects. Such a rise in investment across the country witnessed major growth in the market.
Over the medium term, the growing consumer trend toward the crane rental service due to the high purchasing cost of new cranes that require a large amount of capital is likely to witness major growth in the market.
Source: https://www.mordorintelligence.com/industry-reports/australia-mobile-cranes-rental-market
This business is no different and is situated in the Lockyer Valley.
The Queensland and Australian Governments continue to support and maintain the region's food production reputation, investing $14M in the Gatton Smart Farm Ag Tech and $10M of the SEQ City Deal to continue to progress the Water for Lockyer and Somerset project to bring reliable and sustainable water for agriculture to the region. This investment helps to ensure sustainable food production into the future.
Council invested $56.63M in capital works during the year. A primary focus was placed on the restoration of flood damaged roads, with $34.41M spent under the Reconstruction of Essential Public Assets program of works.
This business is the only one in that region which gives it a geographic advantage over surrounding districts who have a Crane Hire business as they have to add quite a bit of travel time to there quotes making them less attractive then the local business.
This is a very good growth opportunity.
History
Operated Since 2015
Sale Price
$1,150,000 includes significant equipment
