Ad ID: 98256
Steel Construction Business for Sale Auckland
Successful Business with a Profitable Steel Spine
Business for Sale Description
Steel Construction Business for Sale AucklandThe industry can be messy, but the profits ARE NOT! Work just flows in due to the Auckland construction boom and thatâ€™s not slowing down for, we believe, perhaps 8 - 10 years!
Having been around for over 35 years and continuing to grow, this business has recently invested heavily in new larger premises and assets to enable to take the future profits to new heights. The EBPIDTA number should be able to be consistently achieved or bettered for the next 10 years with plenty of scope to improve should you wish. The business will be sold with significant WIP or forward orders.
With a very competent Management Team already in place, a brilliant right-hand woman and a vendor happy to provide any hand-over period you desire up to 6 months, this is astute buying. The Vendor has already pulled back his hours and workload and has established himself in the role of watching brief - now working (almost part time) on the business rather than in it. The business can run without him very successfully. Now he wants to retire and enjoy the financial benefits this business has provided.
Who should buy the business?
This business suits a range of buyers; it could be a hands-on person to replace the retiring vendor, another construction company seeking to widen their capabilities, or an investor to let the existing team take over.
- 2020 EBIPTDA just on $1.0M
- 2021 forecast looking good to do even better
- Full Management Team in place
- Assets valued $1.3M
Asking: $4.25M, by negotiation.
This is a highly desirable and sort-after business and very much stacks up!
Very strict confidentiality applies. For more information about this business visit www.barkerbusiness.co.nz/3035, register your details and submit the online Confidentiality Agreement. Once Mike receives your expression of interest he will be in touch. It is likely your first meeting will be in the Barker Business Brokerâ€™s office to discuss financials etc.
Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2020.
Property Code: 3035
Interested In This Opportunity?