Engineering and Maintenance Business with Blue Chip Clients – VIC

Warrnambool VIC
Asking Price $1,750,000
About
Business ID: BS153388

Engineer Your Success In This Growing Coastal Region With Vast Potential – South West Victoria - FY2023 Adjusted Profit to working owner of $841,000

The business is a major engineering and maintenance service provider in regional South West Victoria. It has the technical capabilities and infrastructure to undertake engineering design, metal fabrication, and maintenance of production facilities, fixed and mobile plants, infrastructure, and transport/logistics equipment.

For individuals seeking the regional/coastal lifestyle, the region offers a family-friendly environment, quality properties at attractive value, beautiful beaches, and a coastal landscape.

The current owner is not trade-qualified and is not “on the tools”. He manages the day-to-day operation and is supported by a team of supervisors responsible for the production activities and provision of engineering services.

Highlights:

   -  Growing revenue of over $4m for FY2023 with adjusted Profit to working owner of $841,000.

   -  Revenue from July 2023 to Dec 2023 of $2.4 million with a positive outlook

   -  Modern workshop with the latest machinery, equipment, and tools.

   -  Portfolio of blue chip clients, offering a spread of work and revenue

   -  Positive work culture with experienced supervisors

   -  Potential synergy for an industrial electrical business seeking to tap into the blue-chip client base

   -  Opportunity for major Engineering/Maintenance/Electrical enterprises to tap into the massive growth opportunities in the region

To aid the smooth transition, the current owner is willing to work with the new owner over an extended period to ensure the new owner is comfortable with running the business.

The business will be suitable as :

   -  a standalone business for the individual, partnership, or family seeking a profitable Engineering business with a strong foundation in a region that offers both growth potential and a great family lifestyle

   -  as a “bolt-on” to an Engineering/Maintenance/Electrical business seeking to establish an operational base servicing the growing industrial activities in the Southwest region of Victoria.

It is attractively priced as a successful business of this quality will take substantial effort, time and investment to set up.

Asking Price: $1.75 million plus Stock

Vendor will consider an upfront payment of $1.1 million at completion with the balance as a loan to the qualified buyer at agreed terms.

Property Code: 3480
        
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