Synonymous with quality work and outstanding customer service, this business has traded for over 25 years and has significantly contributed to keeping industry moving across New Zealand during this time. Being specialists and a one-stop shop for all aspects of the sector they operate in, is what sets them apart from their competitors. Their revenue streams are an equal split of product sales, service & repair, and they are the "go-to people" for all solutions in utility support.
The business has a highly skilled team of people offering stability throughout the years and will make for ease of transition to new ownership. The core revenue of the business is underpinned by a term contract with a large organisation that has recently been renewed.
There are several growth opportunities for the business, and some limited additional investment in plant and skills would help vertically and horizontally integrate some of the work they outsource, potentially adding value to the bottom line.
This consistent performer that provided a return to a working owner of $728,000 last year, before the owner took a wage, has an asking price of $2.55M. A key person in the business is happy to stay on, and would consider having some "skin in the game", if required. Suitable for someone wanting their own business, where industry knowledge is not required, alternatively, this would be a great add-on business for anyone in the industrial/utilities support space.
Price $2,550,000
Call Daren Leng - 021 0278 6045 today.
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