Profitable Paint Application Business - Remedial and Protective Coatings

Business ID: BS155691

Under supervision business with long-term clients. Profits averaging over $513K from FY21 to December 2023.

This is a specialised company that excels in protective coatings and remedial services. The business is under supervision with an operations manager in place and less than 25 hours per week involvement by the owner. The company is proactive in adopting new systems or surface applications to ensure the best quality of the finished product. Currently, all clients are in the vicinity of Brisbane, Sunshine Coast, Gold Coast, and Toowoomba. Major clients include body corporates, schools, and aged care facilities. The majority of employees have long-term service with the business. The business has invested in access equipment needed to reduce the cost of hiring.

   -  Business turnover has consistently increased since FY 21

   -  Forecast revenue for FY 24 approx $1.8M – $1.9M

   -  Profits in FY 23 over $590k

   -  Profits in FY 24 Mid-Nov $294K

   -  Constant positive Cash Flow

   -  Business under supervision with an operations manager

   -  Area foremen in place reporting to Operations Manager

   -  Reduced involvement from the owner

   -  Long-term major clients including 3 of Queensland’s top private schools and various gyms, aged care, and body corporates

   -  Assets with a value of more than $250,000

The owner will provide a 2-month handover as part of the sale.

Business is ideally suitable for an established remedial and or paint company looking to have a footprint in Queensland and or getting to understand the knowledge of managing sites with a variety of buildings such as schools, school campuses, and aged care facilities.

Asking price: $1,000,000 including assets

Property Code: 3735