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Business Details
Code:
RB514
Business Type:
Electrical Services
Area:
Brisbane
Established:
2008
Lease:
Month - to - month
Rent (excl GST):
Approx $100,000 per annum (budgeted)
Trading Hours:
Monday - Friday 7.00am - 4.00pm
Weekends and Public Holidays - by arrangement!
No of Staff:
8
Vendor Hours:
Full time
Approx Turnover(excl GST):
$5,000,000 FY2020 estimate
Reason for Sale: Other interests
      General Information

The Electrical Services business has been actively operating in the Brisbane / Gold Coast
area for many years, commencing originally servicing the domestic/commercial/industrial
sectors with installation and maintenance projects. The business has since picked up many
long serving Residential and Commercial Builders, focusing on new homes, shop fit outs,
medical centres and multi residential developments such as Townhouse and Aged Care
developments.

The FY2020 year is projected to have revenue income of $5m + (in line with the average
for the 4 past years), and should return a full time owner approximately $700,000 EBITDA.
This is subject to change in line with the winning / awarding of additional
tenders/quotes and
the magnitude of size etc.

The business has been successfully awarded large projects, up to $2.5m, seeing a steady
20-30% GM, showing how lucrative the industry can be.

The business has Energex/Ergon WCQA accreditations to perform works to Underground
Construction, Overhead Construction, Public Lighting, Earthing, Large Customer
Connections
and Civil Construction.

Potential includes expanding into Tier 1 contracts and direct contracts with supply
authorities, 5G communications roll out mounting assets on supply authority assets, all
of which this business is accredited for. There is approx. $2m in contracted work on the
books. There is another $5m pending, with a high probability of award. There is also some
larger over $20-25m projects in open tenders/quotes.

The sale includes specialist cable installation equipment such as Redmond Gary 6T self-
loading cable trailers, Redmond Gary Cable winch, Cable pusher with Skit steer, Flat Bed
Truck, Dual Cab Tipper and Plant Trailers as well as specialist electrical installation
and testing and Civil Construction Tools.

SAV (Stock and supplies) carried is approximately $250,000 and can vary

The business currently operates from leased premises, which has office, workshop and
office space. It could be possible to continue operating from the same location or
relocate. Alternatively, it could be an excellent addition (or bolt on) for an aligned
company with an interest in this field, or wanting to develop a stronger presence in the
marketplace.

The Owner is willing to offer a comprehensive handover.

With the right direction and leadership, the possibilities for growth and profit are
endless.



For more information, please contact:

Reg Butler
0438 189 657
Asking Price:
$1,450,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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