Rare Engineering & Construction Opportunity – your chance to purchase a highly respected, profitable and well-run business with a solid book of forward contracts and strong growth potential.
Established for over 60 years, this thriving business has grown to become the “go-to” company for Specialist Civil & Industrial Drilling. Situated in Brisbane close to all major arterials, the business sits on their own 1 acre block of Industrial Zoned land. Large industrial purpose-built sheds house locked machinery storage, manufacturing, and repairs and servicing.
In the Plant & Equipment inventory you will discover some of their keys to success. Equipment includes a substantial suite of Drilling Rigs including their own unique custom-built rigs. There is a machine for every scenario including heavy rock and Caisson drilling, bridgework, and drilling on sites with low head height or difficult to access internal point of entry. To top it off the business has its own accredited repair and maintenance facility, keeping the machines in prime condition and minimising breakdowns and construction delays.
The business boasts a highly skilled team of loyal and reliable operators, many long-term, with a commitment to client service. This adds to the strength and efficiency of the business, with all operators possessing a Cert III in Large Hole Boring, holding many other tickets, and well-trained in safety protocols. Contracted work for the company comprises approximately 80% in Queensland, 10% in Northern NSW and the remaining 10% throughout Australia, with all operators used to travel when required.
The strength of this business is multi-faceted, from the skilled and stable staff, the self-contained nature of the operation set-up, the management of the balance of work to allow efficient availability and usage of equipment, and the equipment itself. The point-of-difference here is the range of custom-designed equipment that no-one else has, expanding their capacity to win tenders that are beyond the scope of other drilling businesses.
Strong growth has been seen in the business over the last year, and with the contracts on their books and regular winning of further tenders they are poised to employ and train at least two more staff.
However, the substantial growth potential of this business is in Design & Construct. Their standing in the industry is such that they regularly receive requests to take on the whole of a project, a prospect requiring an Engineer. This is an exciting opportunity for an existing Drilling Company to grow, or an Engineering or Civil Construction company to expand, increase their capacity to win Design & Construct tenders requiring specialised drilling, and maximise profits by executing complete contracts in the most cost-effective way.
Your top ten reasons to buy
• Drilling Operation with heavy rock and difficult-to-access site capability
• 6 months of Forward Contracts and weekly flow of winning tenders
• More than 50% growth in the last 12 months
• $4 million turnover and $980,000 net profit in the last 12 months
• Fixed Assets in Excess of $8 million
• Land Valued at $2.8 million
• Self sufficient operation including equipment storage, maintenance and repair
• Purpose Built Buildings on 1 acre of Industrial Zoned Land
• Unique custom-designed equipment easily driven or transported to sites
• Perfect Acquisition for a Civil Engineering, Construction, Piling or
Drilling Firm wishing to expand
This once-in-a-lifetime opportunity has already sparked interest. Contact Mike Blaq at Aspire Business Broking today for more information.