Industry Overview
Hire of temporary flooring, grass & ground protection equipment, grandstands, seating, marquees & structures and furnishings to the major event industry
Location
East Coast of Australia
Business Description
Hire of temporary flooring, grass & ground protection equipment, grandstands, seating, marquees & structures and furnishings to the major event industry (the “Business”).
The Business hires products to a range of industries including:
• Sporting Events - football, cricket, horse racing, motor racing, ice skating and surfing;
• Music concerts - for international artists on tour in Australia;
• Construction & Maintenance - providing temporary roads or car parking; and
• Exhibitions & Trade Fairs.
Financial Summary
The business has revenues of A$8.0 million and Normalised EBITDA of A$2.3 million and it is forecast to increase to A$3.0 million EBITDA in FY24
Investment Rationale
The Business has significant net assets in excess of A$8.0 million and offers the opportunity to established a number of inter state branches to significantly grow the revenues and profitability of the Business.
Customer Overview
Customers include music promoters, international music artists, horse racing clubs, major sporting organisations as well as companies involved in the construction and infrastructure industries
Transaction Information
Opportunity to acquire Business with current management team to remain in place post sale
To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.
