UNDER OFFER! Secure Facilities Management Business – Adelaide

Business ID: BS155059

Return on Investment $370,000 3-year average

A Facilities Management Business with a focus on cleaning and caretaking of common areas in strata title residential apartments with cyclic regularity. They deal directly with the strata management company on behalf of the building’s elected Body Corporates who are responsible to the tenants for the management and upkeep of their buildings. They also clean and maintain approximately 8 swimming pools throughout their client database.

The caretaking side of the business involves cleaning as well as reporting any property maintenance that may arise which could include stained carpets, broken windows, residents not adhering to property rules, oil stains in the carparks, etc.

Once these have been identified and approved by the BC a work order is issued to the Vendor who generally uses subcontractors to do the work.

   -  Operational for 23 years

   -  Current Vendor 13 years

   -  Longterm managers in place

   -  Centrally located, could be operated from anywhere

   -  Average 3-year turnover $2.24m

   -  Vendor spends 20 hours pw in the business

   -  No licences or special skills required

   -  Diverse long-term clientele

   -  Suit Owner Operator or Bolt on business

The vendor is willing to offer a one-month handover period if required by the Purchaser. Bearing in mind there are people in managerial positions that will be able to assist in all areas post-settlement. This assistance is included as part of the sale price of the business.

There is a huge opportunity for the Purchaser to expand into the building maintenance and gardening side of things. There have been many approaches from the Body Corporates who manage the buildings, but the Vendor has pushed back on this as they have not wanted to go down that path.

Asking Price: Goodwill, Plant and Equipment $1,195,000

Property Code: 3651