About the Business
The business subcontracts to builders and makes concrete tilt up panel walls on site, which can be customised for every unique project.
Most projects are for warehouses, shopping centres, service stations, schools and any industrial /commercial buildings where concrete panel walls are required. They supply all materials and labour needed to complete the desired project.
The business’ main competitive advantage is a quality finish, delivered on time and done with honesty. Over the years the business has developed strong relationships with a number of loyal repeat customers.
The business adopted a customer sales strategy of finding and keeping reliable builders based on the following criteria:
– Pay on time
– Do not take retention monies
– Can work with them
– They respect their subcontractors.
Their top 10 customers account for about 90% of revenue and the business has worked with most of them for years. Their target market is Tier 3 construction companies who typically work on smaller scale projects, these could be both residential and small-scale commercial jobs and typically take on contracts of around $1 million.
Potential
The building industry shows no sign of a downturn.
Growth opportunities include tendering for both interstate and in Regional Queensland
Diversify by doing the footings, slabs & structural steel
Skills
In Queensland, individuals & companies must hold a QBCC licence to carry out building work.
Most licence classes allow for both domestic and commercial work.
The current owner holds a Builder Licence – Medium Rise & Trade Contracting licences for both Concreting & Waterproofing.
The owner is willing to help with transition if these licences are not currently held by the purchaser.
An onsite crew typically comprises a team of 6 which include 2 x labourers, 2 Steel Fixers, 2 x Carpenters and an intermediate rigger (sub-contractor)
Hours
Monday-Saturday business working hours
Lease
This business is currently run from the current owner’s premises, the new owner will need to relocate the business.
Employees
The business has a dedicated team of skilled office staff, groundworkers, tilt panel installers and a number of permanent casual employees who have been with the company for 3 months to 5 years.
Reason for Sale
The founding owner is looking to transition to retirement
History
This family owned business, has specialised in concrete tilt up panel construction since the early 2000’s. With over 20 years of experience in the industry, this business have built a dedicated team who look after the whole project.
