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Price Drop! Highly Profitable Plumbing And Electrical Services, North Queensland For Sale

Townsville, Queensland, Australia
Asking Price:
$2,000,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Business ID: BS------

Circa $800K Profit to Owners, 11 Tradesman, Major Clients, High Exposure

The business provides plumbing and electrical services in a busy and thriving coastal city in Northern Queensland. Offering a one-stop-shop for clients, the business has grown consistently and now employs 6 electricians (3 apprentices) and 5 plumbers (2 apprentices).

It services a range of clients including local hospitals, schools, airports, railways, and national and local businesses in the area, along with residential clients. It also acts as a warranty and installation agent for a number of major brands. Currently, the business does not provide services to the building industry, although this could be an expansion opportunity for the new owner.

Business Highlights

-Turnover $2,746,294 in 2020 and $2,795,062 in 2021
-Profit to owners of $842K per annum (avg. last 2 years)
-Assets valued by owner at $309,000 included in sales
-Employs 11 tradesmen and 3 office staff
-Major government and commercial clients
-High exposure premises with professional office

Little or no training is required for the new owner as all employees are expected to remain with the business. All staff are skilled and qualified. The owner has agreed to work with you for 4 weeks to ensure a smooth transition, with a further 2 months on wages should it be required.

Asking price is $2,000,000 including assets valued by owner at $309,000 PLUS Stock at cost (estimated $40,000)

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