Established major electrical and solar contractor operating for nearly 40 years, based on the north west coast of Tasmania.
The business was one of the early adopters in supplying and servicing the renewables and solar energy market in Tasmania, and has an excellent reputation backed by a distribution arrangement with a major supplier.
With diversified revenue from industrial, commercial and domestic work, it services a large statewide base of over 1,150 customers.
Sales mix is approximately 60% industrial / commercial and 40% domestic. It does not compete in the HVAC market segment, and outsources this work, however this could also be an opportunity for an HVAC electrical firm wanting to expand.
Business service lines include electrical contracting (industrial, commercial & domestic), solar supply & servicing including service agent for national supplier, welder repairs, caravan & RV repairs, smoke alarms, data & phone cabling, test & tagging of equipment, and in recent times increasing its consulting in “off the grid” power solutions.
A strong team is in place for the next owner with an experienced project manager / estimator, solar consultant and two administration staff, supporting a team of 9 electrical tradies.
The business has an excellent record of retaining experienced tradesmen, which the owners attribute to workplace culture and the opportunity for tradies to work on niche and interesting power jobs around the state.
Highlights
• Established business near 40 years trading with excellent reputation
• Diversified work streams
• Expanding opportunities in solar supply & servicing
• Revenue FY23 growing at $4.2M
• Consistent & Strong Profitability
• Experienced management team in place
• 9 electrical tradies, most employed long term with the business
• Strong sales pipeline of work and projects
• Long premises lease terms available
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Note the location used may not be a true indicator and the actual location advised after completion of our confidentiality agreement.
FINN BUSINESS SALES TASMANIA website: https://tasmania.thefinngroup.com.au
