Ad ID: 71441

Painting and Decorating Business for Sale Christchurch

Painting & Decorating   -  Profitable -  Good Forward Orders -  Strong Market Demand

Location:
Asking:
$195,000

Business for Sale Description

Painting and Decorating Business for Sale Christchurch

This business has successfully provided services to Canterbury builders, shop-fitters and investors for the past 25 years, and enjoys a reputation for providing high quality work to an appreciative market. Sales are around $600k + GST pa; GP is generally above industry standard and the return to a working owner averages $165k per annum (last 3 years). There is a strong representation of commercial work and this is NOT a “post-EQ” rebuild story.

  The owner is only selling due to health considerations, and has averaged 20-30 hours per week in the last 18 months or so, approximately half of these “on the tools”. Lifestyle or Growth The team of six afford the owner the luxury of a 20-30 hour working week. The business has provided him with a comfortable lifestyle for many years, but a new owner may choose to take advantage of the strong forward orders and scale the operation up. A new owner may be qualified as a painter/decorator or plasterer, but this is not essential. A new owner will need to be comfortable working within a trades and quoting environment, albeit much of the work provided by their established clients is generally not contestable.

Staff

There is a good mix of staff and subcontractors, and all staff all have Employment Agreements. The team enjoy producing good work for good clients and respect their working environment. There is a good level of experience within the team and the business is well thought of by its peers for the quality of work produced.

Owner’s Role

The owner works 50% of the time “on the tools” and the balance of the time doing quotes and managing the business. More recently the hours spent at work have been reduced as the owner addresses his health issues.

Business Resources

Strong Forward Orders

Despite a slight reduction in demand through the latter part of 2017 (possibly election related) the 2018FY is was only down about 5% on the previous year, and current demand is so strong that the business simply cannot take advantage of all the opportunities in front of it.

This business is an ideal bolt on for an existing player; or a first purchase for a tradesman wanting to work on his own account.

Price $195,000

  Profit $181,663 EBPITD 2018FY

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 0276853... or 03 3777 491
Tabak Business Sales (Christchurch)
Licensed REAA 2008
Broker Ref: CHCH

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