Ad ID: 64832

Engineering - Vendor Says SELL!! Business for Sale Christchurch

Engineering - Multiple Markets. Established & Profitable

Location:
Asking:
$295,000
Type:

Business for Sale Description

Engineering - Vendor Says SELL!! Business for Sale Christchurch

This business generates annual revenue of $700-$1m + GST from its reliable & supportive client base. Whilst there are no more than two dozen clients in any given year, there is a core of 6-8 clients that make up 80%+ of revenues, who rely on and enjoy dealing with this engineering business. A written contract with the largest client is waiting for the successful buyer of this business.

The continuing/passive revenues are primarily driven by invoicing contract labour at client sites; and these are augmented by project work that generally adds $200-$300k + to sales in any given year. The ongoing site work is critical for the clients who are generally producer/processor businesses, and the services provided by the vendor company are critical to the success of these clients.

Whilst there is some seasonality, this is allowed for by the use of casual and contract labour as required, with our owner very seldom on the tools. He will be readily available for an appropriate transfer to a new owner. The price includes circa $100k of stock and plant & equipment.

Multiple Markets The business generates its revenue from multiple markets including: • Infrastructure • Commercial Construction • Residential Construction • Manufacturing • Primary Sector Processing • Brewing • Commercial Refrigeration • Energy/Solar/PV

Business Resources

   

The business will need to be relocated from its current “lifestyle block” and the ideal buyer is:

• An existing business within the engineering/infrastructure sector seeking to add key clients; diverse markets and up to $450k gross margin per annum

• An appropriately experienced individual who is comfortable managing a team of experienced engineers and skilled labourers; and who may be able to add value in some/all of the above markets

The Vendor has significant other commitments and simply wants this sold; this represents a fantastic yield for the right buyer!

Price: $295,000 FME Surplus: $306,158 EBPITD

EBPITD: Earnings before one Proprietors Drawings, Interest, Tax & Depreciation

                

Interested In This Opportunity?

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Tabak Business Sales (Christchurch)
For more info
Contact:

Damien Fahey

Damien Fahey
0276853536 or 03 3777 491
Phone: Damien Fahey or 03 3777 491
Tabak Business Sales (Christchurch)
REAA 2008
Broker Ref: CHCH

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