Trade and Civil Contracting

Public and Private Works

  • Asking price: $2,400,000
  • Listed: Tue 14 Nov, 10:56 am
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Listing #: 1467064004
Location: Wellington
$10m Forward and Expected Work

The Business
Here is a well-known, well respected Wellington based large scale public and private sector operator. Established for 25 years this business has built up a strong loyal following of quality customers within the Wellington region.
Customers include Councils + Sub-division developers + Commercial and Residential developers. They are a preferred pre-qualified supplier of services to all Councils in the region. They attend large scale critical services maintenance and upgrades for Council.
They have $10m of forward and expected work ahead which is significant as they continue to price and accept new work.
The business has 19 staff and utilise sub-contractors to smooth out their work load. There is a significant level of plant and equipment (estimated value $1.8m) which ensures their capability is not compromised.

Financial Profile
Turnover range is between $5.3m and $8.7m over the past 5 years reviewed. There is a shortage of contractors in the region with major works in progress. Demand for services is currently greater than their ability to supply. This has led to a positive effect on tender margins gained.

Ideal Purchaser
The business would suit an owner operator, investor or business looking for expansion or bolt-on. The owners have not resided in Wellington for 7 years. They are happy to assist a purchaser in transition as required.

Sale Price:
$2,400,000
Net Surplus: 6 months to September $422,000
Net Surplus: YE March 2017 $627,000
Net Surplus: YE March 2016 $1,125,000
EBPITD: Earnings before paying one Proprietor, Interest, Tax and Depreciation

Agency reference #: Tabak Wellington
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Agent's details

Brodie Wilson
  •  (027) 4579007
Tabak Business Sales

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