Laverton, Victoria 3028

HVAC Heating & Cooling Opportunity With RARE Contracts In Place $1,100,000 (15944)

For Sale | $1,100,000

Building and Construction

FOR FURTHER DETAILS ON THIS BUSINESS TEXT STEVEN "HEATING & COOLING" ON 0407 999 888 TO RECEIVE AN ONLINE CONFIDENTIALITY AGREEMENT, FOLLOWED BY AN INFORMATION MEMORANDUM, FINANCIALS & 3D VIRTUAL TOUR OF THE PREMISES.

Amazing heating and cooling servicing business with extremely rare government contracts in place. This opportunity had the owner investing major capital into a business restructure and major hire of quality staff, allowing the owner to run the business from a senior management position and not on the tools doing day to day tasks. Business holds a very rare contract which is renewed every four years and is currently only in its second term.

The owner has recently invested a further $30,000 into a redesigned website and marketing strategy with SEO Integration & Automation. This has resulted in more direct client relationships and the ability to not only work with the provided contract. Currently the contract sits at 60% of the business revenue, however within the coming months it is projected that there will be a 50/50 split between contract work and day to day clients.

Included in the sale there will be 12 vehicles ranging from large vans, utes, and dual cabs. Assets alone valued at $250,000+.

Key features of the business include:

*Longstanding history and reputation
*Secure, extremely rare contracts in place
*Large pool of assets
*Highly profitable
*Owner does not work on the tools, purely management
*Excellent financials - see below

2017 Financials:
Sales $899,728
Net profit $304,018

2018 Financials:
Sales $1,005,160
Net profit: $250,746

2019 Financials:
Sales $1,625,670
Net profit $406,087

2020 Financials:
Sales $2,528,717
Net profit $602,888+

This business appraisal is based on an increasing historical EBITDA and sales with a 4 year average EBITDA of $390,934 per annum and the total 4 year EBITDA of $1,563, 733. Business is valued at a 2.8 times multiple making it a strong 35% return on investment (with further growing contracts).

For more information please contact Steven Mostafa from LINK, formerly Klemms on the below:
Phone: 0407 999 888
Email: steven.mostafa@linkbusiness.com.au

For more information please contact Nadia Polzella from LINK, formerly Klemms on the below:
Phone: 0417 641 990
Email: nadia.polzella@linkbusiness.com.au

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Business Snapshot

Price: $1,100,000 Lease Options: 3+3+3 (commenced 2018)

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Marketing By


Nadia Polzella

LINK, formerly Klemms

Overview

This Building and Construction Business is one of 65 businesses for sale in Melbourne North West, Victoria, and one of 37 Building and Construction Businesses in this region that a business for sale currently has on offer. This Building and Construction Business is for sale in Melbourne North West for the asking price of $1,100,000 and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..