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Factory Home Building Business With Potential And Opportunity For Sale

Gold Coast, Queensland
Asking Price:
$7,200,000 (AUD)
Sales Revenue:
$7,900,088 (AUD)
Cash Flow:
$2,026,372 (AUD)

Summary
This is a business with advantages in design, construction and installation of homes built in the factory and transported to the site. Approximately 50% of the work is derived from Holiday Parks and the balance comes from high end residential homes. Due to an advantage over traditional construction this factory home building business for sale has on average a 10 to 20% construction saving over traditional builders.

Revenue
$7,900,088 per annum for 2017
$ 9 million for FYE 2018

Net Profit
$2,026,372 for FYE 30/6/2017
Estimate FYE 2018 2.2 million

Potential
Due to an advantage over traditional construction this factory home builder business for sale has on average a 10 to 20% construction saving over traditional builders. Add to this the lack of lost days from rainy weather this is the method of construction of the future. This business builds beach front homes in Byron Bay and Lennox Head as well as constructing 3 and 4 bedroom homes, toilet and shower blocks and manager’s office and accommodation for holiday parks. Local councils are wanting to maximise the return they get from their caravan parks and as a result are upgrading the accommodation. In addition tourism is booming and people are looking to AirBnB and Stayz for accommodation and land owners are capitalising on this market. Significant potential and opportunities to grow with expansion opportunities from Cairns to Melbourne.

Skills
Knowledge of building is an advantage as well as management skills.

Hours
Monday to Friday 7am to 4pm. Every Second Friday off.

Lease
Freeholds are owned by the sellers so an attractive lease can be negotiated. Option to buy also.

Employees
15 employees.12 fulltime, 2 casual and one part time.

Reason for Sale
Established in 1990 the owners are now looking to retire.

About the Business
This is a business with advantages in design, construction and installation of factory built homes. Approximately 50% of the work is derived from supplying Holiday Parks business for sale. Many of these are owned by local government who are changing these parks from old permanent sites generating minimal returns into new tourism destinations with modern accommodation. In this sector there are also a number of very large park owners who are clients of this business for sale. One such customer is looking at spending $20 million over the next 3 years with the business. This will see EBITDA increase in the next 3 years. The other 50% of the business is built to order buildings from granny flats to luxury homes.

The outlook for the business is very strong as Australia rides the crest of $48 billion tourism wave, with new figures confirming the sector as a “super – growth” area of the new economy.
The built to order part of the business is solid as the business enjoys a 10 -20% price advantage over traditional design and construction competition plus the added advantage of being quicker and generally not affected by the weather. Many home owners looking to build are embracing this factory built method and it is only availability which holds them up. That’s opportunity knocking at your door.
The world is embracing factory built construction methods so the business is well placed to grow well into the future.

Operating from a large factory with a systematic production line approach that ensures the flow of work. A team of experienced plumbers, electricians and carpenters assemble and install the home onsite ready to be occupied

These are quality buildings with high quality fittings and fixtures. Whilst the bulk of its operation is larger type dwellings it has the capability to build all sizes and shapes.
Established by the owners for 26 years this represents an excellent opportunity. Only one of the owners works in the business.

For Companies or Individuals who can invest more than $7.2 million plus SAV (share sale)

History

This business has been involved in the design and manufacture of transportable prefabricated factory built homes business for sale for 26 years. Their experience covers Residential, Commercial, and Council & Government Departments. They have delivered prefabricated factory built homes and commercial buildings such as amenity blocks and office and showrooms around Queensland, NSW, Victoria and Northern Territory.

Prefabricated Factory Built structures include:
• Tourist Cabins
• Toilet and shower blocks
• Camp Kitchens
• Park Managers Residences
• Park Reception Units
• Qld Health Mother’s Units
• Dental Clinic Units,
• Private residences

PRICE
$7.2 million plus stock $200,000 as a share purchase after balance sheet adjustments.

Property information

Location:

Gold Coast

Premises Details:

Freeholds are owned by the sellers so an attractive lease can be negotiated. Option to buy also.

Business Operation

Expansion Potential:

Due to an advantage over traditional construction this factory home builder business for sale has on average a 10 to 20% construction saving over traditional builders. Add to this the lack of lost days from rainy weather this is the method of construction of the future. This business builds beach front homes in Byron Bay and Lennox Head as well as constructing 3 and 4 bedroom homes, toilet and shower blocks and manager’s office and accommodation for holiday parks. Local councils are wanting to maximise the return they get from their caravan parks and as a result are upgrading the accommodation. In addition tourism is booming and people are looking to AirBnB and Stayz for accommodation and land owners are capitalising on this market. Significant potential and opportunities to grow with expansion opportunities from Cairns to Melbourne.

Reasons for selling:

Established in 1990 the owners are now looking to retire.

Trading hours:

Monday to Friday 7am to 4pm. Every Second Friday off.

Employees:
15 employees.12 full-time, 2 casual and one part time.
Years established:
1990

Other Information

Inventory / Stock value:
$200,000 (AUD)
Related Documents:

Contact Information

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