Business ID: BS------
Can be run Under Management. FY22 Income to Owner $1M+, $4.7M of confirmed new orders @42%GP. Great lifestyle in North Qld City
Established over 26 years ago this well known and highly regarded Pool Builder of Fibreglass and Concrete pools and accessories is enjoying boom times, that are forecast by industry suppliers to continue for a number of years.
Rapid increase in local population has lead to a residential construction boom. Many of the homes being built are having pools installed to suit the needs of many of the new owners who are coming to this tropical location from colder locations in NSW and VIC.
-Experienced staff in place
-Option to rent or buy current premises (and home)
-Over $4.7M of contracts already in place for CY22
-100+ orders on hand with more quotes accepted
-Orders on hand should generate $900K+ goodwill
-FY 21 Revenue $3.5M
-FY22 Revenue $4.26M (to 31/3/22)
-Currently building 4-5 pools per week
-Extensive quality equipment and vehicle assets (approx $830K)
The owner will provide up to a 4 week handover to introduce the buyer(s) to the staff and key suppliers and provide familiarisation with how the business operates.
The owner’s son has worked in every facet of the business over 19 years. He has the experience to manage the business and could perform a GM function for a part time owner or investor.
The owner wishes to retire. The purchaser will have the option to rent the owner’s current home location (on 9000 sqm) that has separate office accommodation for the business. The operation occupies around 1 acre of the property.
The buyer of the business will also have the option to purchase the property and freehold. The 3 bedroom property (with pool) currently has a market value of around $1.6M
Asking Price: The Goodwill and Assets of the business are for sale for $2.5M plus SAV. Stock levels are typically held around $50K but these are being increased to facilitate the building of the orders already on hand. At time of sale SAV may be higher than this. Property Sales Price + $1.6M.