Under Offer! Underground Civil Infrastructure Services - Melbourne

Melbourne VIC
Asking Price $10,000,000
Business ID: BS145712

FY2023 Income $18.3m, EBITDA $6.3m.

The business provides underground civil infrastructure services for construction and utilities companies, private customers, and government agencies and are committed to providing the highest quality of service to customers with excellent outcomes for the community and the environment.

Over 27 years, the business has grown to become one of Victoria’s most trusted providers of underground civil infrastructure services across Melbourne and greater Victoria.

   -  Annual Income has increased from $4.0m (2021), $7.6m (2022), $18.3m (2023)

   -  Profit margin of 34.4% in 2023

   -  Assets of $4.55m included in the sale price

   -  Business is equipped with the latest drilling equipment, trucks, and plant, with an exceptionally reliable team to facilitate a range of underground civil infrastructure services

   -  Business has a highly experienced team and boasts an invaluable reputation for completing projects on time and within budgetSO accredited since 2004

   -  Victorian Electrical Distribution Network (“VEDN”) and Victorian Electrical Supply Industry (“VESI”) accredited

   -  Warehouse and storage yard situated 15km north-west of Melbourne CBD with convenient access to the M80 Ring Road

   -  Major customers include Jemena, Zinfra, and Service Stream (LendLease)

   -  Current team of approximately 35 employees (including the two owners) have the expertise to resource all areas of the business. Strong management team in place.

The current owners are committed to ensure a smooth transition of the business to a new owner.

This business is well positioned to benefit from the growing demand for civil infrastructure services, with the major customers stating demand for services in 2024 will be 30% higher than 2023.

The current owners have recruited and identified individuals with the skills to take on key management and supervisory (Crew Leader) positions, setting up the foundations of an efficient and highly profitable business.

After 27 years the current owners wish to retire from the business, making this highly regarded and profitable business now available for sale.

Asking Price: $10,000,000 is being sought from the market for the sale of the business as a going concern. If sale is done as a share sale, the agreed price is on a cash-free debt-free basis with any cash at bank, debtors, creditors, etc adjusted for over and above the agreed price.

Property Code: 3257
Ref Num: xcllusive_51_750
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