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Established Electrical Services Group – Net Profit $967,423 – SEQ

QLD
Electrical
Established for over 30 years this Electrical Services Group is for Sale for the first time
Asking Price: $2,477,953

About the opportunity

Servicing Clients in Southeast Queensland. Clients include new construction from fully designed to design and construct projects, with such projects as nursing homes, office blocks, high-density units, townhouses, houses, factories, schools, and shopping centres. Well-established automated systems are in place with a highly skilled Team. The current owner oversees the business with the Management Team and has decided it is time to retire after building a highly reputable business in the industry. This is an exciting opportunity for an existing group to expand their geographical footprint, add electrical services, or as a first entry for a private equity group. Queensland is booming with more infrastructure than ever seen before planned before the Olympic Games.

Key Points:

  • Gross revenue (2022) $8,851,299
  • Gross revenue Projected (2023) $7,536,319 with contracts in place.
  • Gross revenue Projected (2024) $12,000,000 with contracts in place.
  • Profit (2022) $647,152
  • Profit Forecast (2023) $967,423
  • Profit Forecast (2024) $863,378
  • Plant and equipment have a current fair market value of $500,000 and are included in the sale price.

 

Total Sale Price – $2,477,953 (Asset Sale)

Total Sale Price – $2,477,953 (Share Sale) plus the balance sheet value of

$1,901,603 totals a sale price of $4,379,556

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