Profitable Plastering Business for Sale Bay of Islands

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Why buy this Profitable Plastering Business

Profitable Plastering Business for Sale Bay of Islands

This Kerikeri business has been around for over 30 years, and in that time, it has come to dominate the local exterior plastering scene (in both residential and commercial customer markets).

Few (if any) genuine local competitors remain, meaning that the business has significant forward work at any time, and gets nearly all of the work it quotes for. Overheads and costs are low too, resulting in impressive profits! Normalised accounts provided by the company accountant show an average SDE figure of approximately $340k across the last 5 years. Try and find something comparable elsewhere, particularly at the price being asked...

Additional opportunities exist to grow the business further.

The current owner intended to operate the business for some years to come, but an unexpected health issue has meant they need to sell much earlier than expected. As a result, the business is priced attractively for a quick sale, at a generous discount to what the owner might have asked in different circumstances. There is also potential flexibility around financing/payment arrangements for the right buyer.

There is a genuine opportunity here for someone to set up their future (and in the beautiful Bay of Islands area).

This business will sell quickly, so if you are a plasterer, don't delay.

For further information, contact Paul Turner (021 0232 4695).

To allow us to talk freely and move faster, please complete our online confidentiality agreement. If seeing this listing on another site, copy and paste this link into your browser to visit our website page and click the link on the right side of the page to complete the confidentiality agreement:

https://www.nzbusinessbrokers.co.nz/business-for-sale/248/

Property Code: 248