$450,000 (take over approx. $1.5 million in signed contracts)
Totalspan, Shade Sails (commercial) and Synthetic Turf Canberra
Signed agreements and forward orders: The business has a constant stream of business primarily generated from word of mouth and the national Totalspan system.
The business has approximately $1.5 million worth of work they propose to assign during the exchange period.
The business was opened in 1989 and has thrived in the decades following. They offer a combination of home improvement and commercial building solutions, including being the exclusive Totalspan representative in Canberra.
Seller finance: The seller, so confident in the prospects of the business, is prepared to seller finance $225,000 of the $450,000 purchase price over three years at 5% interest to approved purchasers.
Skills requirements: To operate the business, you will need to be a licensed builder or find a licensed builder as a nominee for the company. As the business trades in both NSW and ACT, both jurisdictions require licensing.
Ongoing support: The business will need a builder's licence to complete work requiring building and/or development approval. The current owner is prepared to remain for up to 12 months and maintain the licence whilst the incoming buyer obtains or finds a suitable licensee.
Finance to own: Capital Commercial Business Sales has partnered with the local ANZ small business lenders to provide potential debt funding for an approved purchaser. This funding is approx. 50% debt secured against the purchase.
Rent and premises: There is a secure lease for the showroom and yard based on the Whyalla Street premise. The rent is less than $40,000 per annum and has secure options until 2031.
Financial performance:
Total sales of $2.81 million in 2022 with an owner's profit of $317k
Total sales of $2.46 million in 2021 with an owner's profit of $200k
Total sales of $2.47 million in 2020 with an owner's profit of $146k
Total sales of $2.55 million in 2019 with an owner's profit of $227k
Staff and systems are in place, and the franchise terms are very favourable.
If you are interested in owning this business, please send your expressions of interest, and we will provide a detailed business information package.
