A rare opportunity exists to purchase a highly profitable plumbing business & enjoy the lifestyle that comes with that.
With a net profit of just over 30K a month, this is a very lucrative business situated near Batemans Bay on the beautiful south coast of NSW, located 2 hours east of Canberra & 3.5 hrs south of Sydney.
About the business:
This well-established business has been servicing the Eurobodalla Shire for 25 years & has an extensive & loyal client base consisting of both residential & commercial clients. These include Tourist Parks, Hospitals, Schools, Real estate agents, Strata property management, Eurobodalla Shire Council, Aged Care Facilities & a database of over 2000 residential clients.
Summary:
ü Revenue $900K to $1M on average for past 3 years
ü Net profit to owner approx. $388K p/a (2023)
ü Experienced team in place
ü Loyal customers
ü Regular maintenance work
ü The owner oversees the business, he has not been on the tools for many years
ü Extensive list of assets, including sign written vans included in the sale
ü Owner offering a thorough handover, including introduction to key clients
ü The business is not dependant on 1 or 2 key clients. They have a healthy mix of regular commercial clients, reducing the perceived "dependency on the owner" risk sometimes attributed to other service based businesses.
All the hard work has already been done, they are a trusted brand so step in & capitalise on this businesses excellent reputation. With smart systems in place & a simple & easy to operate business model the new owner can hit the ground running with immediate revenue & substantial profits.
Reason For Sale:
After 25 years at the helm the current owner is interested in stepping back & enjoying some of the fruits of his labour. Having said that, he is also comfortable making himself available to the new owners on a part time basis to ensure a smooth transition & continuity of business.
This business is priced to sell. At just $650,000 + SAV, this business provides an ROI to a buyer of close to 60% (based on FY23 financials). Opportunities to purchase an established, very profitable plumbing business in this beautiful part of the world are rare. Contact Matthew Grech to discuss this opportunity further.
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Note:
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. IMAGES ARE FOR ADVERTISING PURPOSES ONLY AND MAY NOT REPRESENT THE BUSINESS FOR SALE.
Property Code: 201
