$1,150,000 BOOMING WATERPROOFING UNDER MANAGEMENT

This South-East Queensland-based business has experienced exciting organic growth in the last 3 years without any marketing, advertising, or even a Google-recognised address.

The primary driver behind this growth is their quality of work and professionalism compared to their competitors. The business has also been selective with quoting and margins as a result of its high demand. The business also regularly repairs the poor workmanship of their competitors which usually is traced to incorrect assessments.

Capable of servicing both civil and commercial projects including infrastructure and mining, the business boasts clients such as state government, council, developers, and property managers.

Included in the transaction are 4 x Utes with 4 x trailers ranging from 6 x 4 to 7 x5 , and approximately $100,000 in tools, video and testing equipment, and office equipment.

The business operates from co-working office premises and can be easily relocated if desired. The physical office is rarely used or required, and materials are delivered to the job or vehicle location as needed.

By design, the owner is not involved in the day-to-day operations and is responsible for supporting the team and approving quotes before they are presented to the client.

A motivated owner could grow the business exponentially due to the volume of work this business is turning back.

EBITDA of circa $440,000 during the FY21 is calculated after the notional cost of the owner’s salary of $75,000.

FY20 Revenue: $1,130,974

FY21 Revenue: $1,518,849

YTD22 Revenue (7 months): $1,349,874