Canberra-based residential construction business

Business Details

Canberra-based residential construction business
 
Offers above $2,0000,000 - buyer proof of finance required before the release of information can be provided. Please email interest in the business outlining how you would fund the purchase. 
 
In 2020-2021 the business achieved annual sales of $7,000,000 and has signed agreements with deposits taken for 2021-2022 financial year showing confirmed turnover of $10,000,000. 
 
The business consistently generates 5 A class leads a week. The medium value of a project is $250,000 with an average GP of 20%. 
 
The business generated an annual profit of approx. $400,000 in 20-21 and has no significant debt.  
 
While the profit as a % of turnover is lower than the industry benchmark, the business has significant staffing resources and manages the entire project life cycle in-house. 
 
As a means of successfully transitioning ownership and transferring the signed MBA agreements would be via the sale of shares in the company. 
 
In addition to the $400k in dividend profits, three owners receive approx. $100,000 each in wages and owner benefits. 
 
Working capital requirements would be $500,000.  This is the start-off cash required to be able to run the business successfully. 
 
The business runs from leased premises in central Canberra. 
 
The owners are prepared to vendor finance $500,000 of the purchase price under the basis component allocated to working capital requirements.
 

Financial Snapshot

Reporting Period Weekly Average Weekly Average Weekly Average

Business Summary

Canberra, Australian Capital Territory
Building and Construction.

Offers above $2,0000,000 - buyer proof of finance required before the release of information can be provided. Please email interest in the business outlining how you would fund the purchase.

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Sales Summary

Sale Status : For Sale

Sale Method : Private Treaty

Investment Amount : $1,300,000

Stock at Value : $0.00

Finance Options :

Frank Walmsley

0400 446 605

sales@capitalcommercial.com.au