Fencing & Powder Coating Nth QLD

  • ID262
  • Sale Price $1,395,000 WIWO (Walk In Walk Out)
  • Revenue$4200000
  • Net Profit$450000
  • StaffBeing consistently busy, they employ 18 full time staff (sales, project management, powder coating and installations). They also contract fence installations out to sub-contractors, providing them with a reliable and flexible workforce.
  • Adjusted net profit$600000
  • Stock At Value Estimate$295000
  • Date Business Was Established2001
  • Rent Per Month$145000
  • Hours of OperationCurrently operation Monday - Friday from 8am - 4.30pm. There is demand to open on Saturdays for the retail shop.
  • Length of LeaseThere is a new 5 year lease in place with an option to extend for another 3 years.

New on the market! Centrally located, well respected, booming business.


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Summary:

This major fencing retail, contractor and powder coating business is one of the largest in tropical North Queensland. Little advertising has been done in the last few years, such is the strength and quality of its name and reputation. Centrally located in the heart of North Queensland, it supplies and contracts to the larger Townsville region. Townsville is experiencing a boom in commercial activity and has the lowest unemployment rate in the last decades. This booming business has been established for over 20 years and has an unblemished track record with a reputation of providing great quality and service. The combination of Fencing and Powdercoating gives this business a prime advantage over the competition as it can deliver an independency of other suppliers and flexibility to complete the sale. This business is truly a one stop shop for all customer’s fencing and powder coating needs.

Potential:

This booming business has been established for over 20 years and has an unblemished track record with a reputation of providing great quality and service. The combination of Fencing and Powder-coating gives this business a prime advantage over the competition as it can deliver an independency of other suppliers and flexibility to complete the sale. $4.5-5 million in sales per annum over the next 5 years is achievable for any motivated owner using this established, proven base to leverage from. Future opportunities will be revealed to the new owner.

Skills:

Experience in the building industry as a builder, contractor or project manager, this would be the business for you. A QBCC-license in Structural Landscaping and Fencing is required to operate, but the current owner can act as supervisor until this license is obtained by the new owner.

Reason For Sale:

The sellers feel this is an excellent time to transition the business ownership as they wish to retire in the next year. That said, they will provide full support and training to the new owner (longer term if required)

Products And services:

This business designs, manufactures and powdercoats all types of fencing with specialising in gate automation including solar installations. Glass and aluminium pool fencing are growing in demand as is Colorbond™ fencing. Orders for security fencing are increasing and this business is in the unique position to fill these orders quickly, through prioritising jobs through their powder coating facility. Through smart imports and local purchases, they can compete with Bunnings and are a well recognised business in the greater Townsville Area. They are not dependent on working for builders and have been able to increase their margin considerably.

History Of The business:

This family business started with one employee in 2001 and over the last 20 years have been continually expanding and improving their business to employ 18 full time employees. Known for great customer service and quality products, this has resulted in becoming the largest fencing retailer, contractor and powder coater in North Queensland. Having experienced a few lean years, this business has made smart improvements and implementation of programs and technology to improve their customer service and management of the business.

More About The Business:

This business enjoys top rankings in Google for all relevant search phrases, and also receives constant leads that flow in from their top ranking web-site. With a sizeable $3.5m turnover last financial year, the business boasts an equally impressive net profit, making it a highly attractive purchase. There is over $500k in upcoming work on the books - so the next 12 months income is secure (and growing every day).
All supplier accounts are setup and in place with good relationships and support across the board. Relationships with overseas suppliers gives this business the ability to compete with Bunnings and other suppliers. In-house processes have been streamlined with excellent IT systems in place for estimating, ordering, selling, scheduling and project management. The business is a preferred supplier for the local Regional Council. This is an opportunity not to be missed!
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