This 100% tangible asset-backed plant hire business offers considerable value, boasting an impressive 91% gross profit margin and over $850,000 in assets.
With a low staffing requirement of two, the business provides a range of essential equipment, including bobcats, diggers & turf cutters and assorted hire items, perfectly positioned to capitalise on the area's surge in population growth.
The population is forecast to increase from 147,140 to an estimated 234,641 by 2046 a 65.58 percent rise there will be an escalating need for construction and maintenance services and, from that sector, a consequent rise in demand for the equipment this business provides.
Key Features
1. 100% Tangible Asset Value No goodwill, ensuring clear asset-backed value.
2. High Gross Profit Margin 91% gross profit, reflecting strong profitability.
3. Minimal Staffing Requirements Operates efficiently with only two employees.
4. No Advertising Necessary Established customer base generates sales without additional marketing costs.
5. Strong Financial Performance 2024 net profit of $297,000, demonstrating solid returns.
6. Growing Sales Trend Current sales trending upwards at $791,000, indicating positive market reception.
7. No Prior Experience Required Easy transition for new owners, with comprehensive support available.
Growth potential
The business has a robust database of 20,000 customers, with no single customer accounting for more than 5% of sales. With targeted email marketing or minor advertising initiatives, there is significant potential for revenue growth.
Competitive Advantage
The competitive advantage of offering a wide selection of equipment that caters to diverse customer needs has been a key driver of sales growth.
By bridging the gap between smaller competitors with limited inventory and larger national brands that lack personal service, the business has carved out a unique position in the market.
This focus on providing tailored solutions, along with solid customer service, has resulted in a 10% average increase year on year.
No Experience Necessary
While the business completes some minor repairs, the presence of two employees removes the need for the new owner to possess technical skills, allowing them to focus on managing and growing the business.
Rather, the buyer should have some basic administrative ability or the capacity to learn this during the post-settlement handover period. Specific industry knowledge is therefore not required.
To register your interest contact the broker to obtain a confidentiality agreement to access the comprehensive business report.
