Business ID: BS------
FY2023 Revenue of $2 million with adjusted profit of over $545,000
This family-owned business has a long-established trading and profitable history (since late 1980s) with an extensive and diverse customer base.
It predominantly supplies & installs its own proprietary brand of specialised, high-performance, commercial and industrial resin-based flooring systems to a broad range of customers across a wide range of industry groups. These industries include food manufacturers/processing, leisure/fitness (large commercial swimming pool complex & training centres), hospitality (Hotels, restaurants, bars, resorts, etc), public access areas (local councils/state agencies/ public transport authorities/ shopping centres) & most general commercial and industrial maintenance flooring applications.
Adding to this, approximately 15% of the overall sales/turnover also comes from the sales (retail & trade) of other surface coating systems.
Highlights:
- FY2023 Revenue of $2 million with adjusted profit of over $545,000
- Strong Gross margin between 43% to 54% over last 5 years
- Highly regarded & widely specified resinous flooring systems with proven formulation and registered trade name.
- Established Web-based / Retail business providing high-value unit sales comprising over 15% of annual turnover.
- Long-term relationship with local and overseas suppliers of manufactured products & raw materials.
- Small team of experienced employees and network of quality contractors.
- Relatively easy to operate with a small team of employees plus occasional specialist sub-contractors.
After working in the business for over 40 years, the owners are ready to sell and exit from this business. Depending on the experience of the new owner, a transition plan can be developed to ensure a smooth transition.
This business will be a good “bolt-on” to another “trade type” business offering flooring /surface protection solutions (eg. Tiling, concrete, commercial plumbing, etc…) or an individual with sufficient management /sales /marketing skills with business/corporate customers in the building & building products sector and in retail/trade sales. A buyer with a background or experience on large building projects/sites would likely find this business an easy one to take forward.
A quality business with a long history and outstanding market reputation.
Asking Price: $1,150,000 plus stock
Property Code: 3495
