A thriving construction material testing business, Geotest presents as a lucrative acquisition opportunity with a strong client base in the civil services sector. With over 30 years of operating history and a stellar reputation, Geotest is an ideal expansion or bolt-on in high demand.
Geotest Civil Services primarily focuses on compliance testing and quality control but also offers a comprehensive range of geotechnical testing and investigation services to the construction industry, both onsite and in its laboratory. A diversified, loyal, and tenured client portfolio includes State and Local government departments, developers, civil contractors, private firms and engineering consultants.
The owner of Geotest Civil Services is the Director and Laboratory Manager. There is also a part-time Office Manager, three full-time Lab Technicians, and a full-time Senior Lab Technician. There is potential to run the business fully under management.
The Key Features
– A diverse and long-term client base.
– NATA-accredited testing facility to meet Client requirements and expectations.
– Highly qualified technical team to transfer with the business.
– High-profit margins per service with room for increased revenue with team expansion.
– No weekend work offering a good work-life balance.
– Operating in a high-growth area with ongoing infrastructure projects and more planned.
– Well-structured business model with systems and processes already in place.
– Turnkey opportunity with plant and equipment, vehicles, and goodwill spanning 30 years.
The Keys to Success
Geotest operates across multiple industries, ensuring an even distribution of revenue reliance risk. The business is not dependent on specific clients, enjoying ongoing jobs from multiple clients. The strong reputation in the market has resulted in high volumes of word-of-mouth referrals and is expected to continue to do so.
Geotest has a lean business model operating optimally ensuring excellent profit margins. The ongoing team training has ensured operational alignment and industry compliance, resulting in high client satisfaction and outstanding retention, providing a stable and predictable revenue model.
While the owner has taken a strategic decision not to pursue larger-sized projects and focuses on accepting projects that align with the business resource capacity and client expectations, this presents an incoming owner with an opportunity to pursue major projects should the team size expand to address the project resource requirement.
Complete your online enquiry for a confidential discussion and receive a comprehensive Business Profile and Market Review.
Price: $795,000 + S.A.V.
Finn Business Sales
Anthony Dickson
0431 279 400
anthony.dickson@finnbusinesssales.com.au
*Consulting, migration, and finance services available
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