[UNDER CONTRACT]

Established in 2016, the company has built a stellar reputation in the market as a go-to provider of line marking services in Auckland, predominantly to warehouses, factories and car-park businesses.

Majority of revenue is derived from repeat work. Over three years from FY22 to FY24, the company has demonstrated revenue CAGR (compound average growth rate) of circa 33%. Average normalised EBITDA for FY22 to FY24 was $499,000 and forecast normalised EBITDA For FY25 is $614,000.

The business is operationally managed by experienced staff. The Managing Director maintains strategic oversight and liaises with the team where support is required. The company has a diversified B2B blue-chip customer base with sector diversity. Strong long-term customer relationships provide a high level of repeat work. There is low customer concentration with minimal reliance on any single customer.

Barriers to entry are high as the company has invested in plant & equipment, has a well-established market presence of being a one-stop-shop solution provider, diversified and repeat customer base, robust systems and processes, all these attributes are significant for any new entrant to overcome.

This is a rare opportunity to purchase an iconic industrial service provider and grow it significantly. This would also be a great opportunity for an existing company in the industry to acquire and enhance their market position.

Asking Price $1,490,000

Please complete the online confidentiality agreement by visiting the link - https://www.kauribusiness.co.nz/business-for-sale/108/ Post executing the NDA, we will be in touch to understand your business experience and financial position.

Khushdeep Sharma - mailto:khush@kauribusiness.co.nz (022) 373 8555 Kauri Business Sales (Licensed REAA 2008)