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Crane And Access Hire Business In Tumut For Sale

Tumut, New South Wales, Australia
Asking Price:
$3,850,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$2,330,000 (AUD)
Cash Flow:
Available on request

This dynamic mobile crane, engineering and access hire business has been established for over 30 years servicing the Tumut and surrounding areas.

Stable and recurring revenue streams are continuing to grow with a broad spectrum of clients across numerous industries and the private sector.

Large list of well maintained, high quality plant and equipment, some of which will be appreciating in value.

Fully staffed with qualified and experienced tradespeople.

Annual turnover has almost tripled in the past 8 years.

This business is being offered on a WIWO basis.

The current commercial property and workshop (approximately 4 acres) is also available on a lease basis.

***VENDOR FINANCE***

Please see our sale terms regarding the sale of our business as outlined below:

TOTAL SALE PRICE: $3,850,000.00

Amount to be paid on settlement of contract $2,850,000.00

Remaining balance of $1,000,000.00 to be vendor financed over forty eight (48) months and paid as follows:

* First instalment of $250,000.00 to be received on/or before the twelve (12) month anniversary of settlement of the contract

* Second instalment of $250,000.00 to be received on/or before the twenty four (24) month anniversary of settlement of the contract.

* Third instalment of $250,000.00 to be received on/or before the thirty (36) month anniversary of settlement of the contract

* Fourth instalment of $250,000.00 to be received on/or before the forty eight (48) month anniversary of settlement of the contract

Please note that the remaining $1,000,000.00 is vendor financed at zero interest and these terms are not negotiable.

PLEASE NOTE THAT THE PURCHASE PRICE INCLUDES ALL PLANT AND EQUIPMENT INCLUDING 8 CRANES.

For more information, please contact us by using the form below.

Many thanks for your interest in our business.

Property Information

Living Accommodation:

Two bedroom, one bathroom cottage is currently tenanted on a week to week basis.

Location:

Industrial estate

Premises Details:

Large depot/workshop premises with offices, steel and colourbond workshop. Entire work area is surrounded by security fencing. Also included within the premises is a two bedroom cottage.

Size in square feet:
174,000

Business Operation

Expansion Potential:

We are the closest crane company to the Snowy 2.0 project.

Competition / Market:

The closest crane company to Tumut is situated over 100 kilometres away.

Reasons for selling:

Family commitments

Trading hours:

24/7 operation

Employees:
8-20
Years established:
30 years

Other Information

Support & training:

The current owners would be happy to remain employed by the business if required by the new owner for an agreed period of time.

Relocatable:
This business can be relocated.