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Seq Based Plant & Equipment (Wet) Hire Business For Sale

Brisbane, Queensland, Australia
Asking Price:
$2,000,000 (AUD) Inventory / Stock included
Sales Revenue:
$3,000,000 (AUD)
Cash Flow:
$400,000 (AUD)

An attractive investment

With public and private infrastructure spend in QLD forecast to continue, this earthmoving equipment hire company with a 50 year track record presents an attractive investment opportunity.

• Turnover $3m (5 year average)
• EBITDA $400k+ (5 year average)
• Investment required $2m
• Recently upgraded and meticulously maintained equipment
• Ability to locate the business to a location of choice
• Excellent relationships and repeat work

The business is one of the few general hire earthmovers who own their own fleet, and directly employ the operators, although more capital-intensive it gives the business a higher degree of control over service delivery, and therefore a higher quality of service, for which they can charge a premium, relative to their competitors.

The business services primarily commercial customers including local and interstate builders, landscapers, plumbers, concreters and civil contractors. Clients also include cross-hire and subcontract work with other local earthmovers.

The business has a large number of distinct, repeat clients with a very diversified client base. The business is not heavily dependent on a single or concentrated small group of clients with no client representing more than 10% of the business’s turnover.

Business Operation

Expansion Potential:

Diversify into:
Fixed rate/long hire work. Currently only doing a very small volume of this type of work
Dry-hire work
Contract repairs for other earthmovers and sub-contractors
Increase marketing and social media exposure
Opportunity to up-sell complimentary services such as silt barrier construction to existing clients

Reasons for selling:

Owners are looking to retire

Trading hours:

Monday to Friday 8:00am-5:30pm

Employees:
15 including owner
Years established:
50+ Owned and operated by the current owners for over 25 years

Other Information

Furniture / Fixtures value:
$1,500,000 (AUD)
Relocatable:
This business can be relocated.

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