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Hot Water Service Provider – Profit $579,479 – SEQ

QLD
Electrical
New to the market, established for over 20 years, this highly specialized boutique hot water service provider without the large company overheads.
Asking Price: $2,700,000

About the opportunity

Located in Southeast Queensland, the company has built long-term relationships with many body Corporates / Builders / Developers who are able to provide superior systems at lower prices allowing them to offer a range of options with 5-10-year contracts.

With a solid FME of $558,105 for F20 to F23 to one working owner.

Forecast Revenue for the next 10 years of $16,974,072 on the current customer base.

The business is especially attractive to a buyer due to its reliable cash flow, growth potential and industry-leading reputation. With its established market presence, this business is sure to continue to be successful in the years to come. The current directors have been working in this field for a long time and are wanting to reduce their responsibilities of running a company, and also look at slowing down their working life.

 

Simple to operate the business, one full-time admin person, a subcontractor for or owner as a tradesman for callouts, services and mater reads.

  • Currently 1,963 Units in 42 Buildings.
  • Standard Meter reads every six months.
  • Company owns & maintains the Hot Water Systems in the majority of the buildings.
  • Easy automated billing system (Ultimate).
  • The business operated from home.
  • Based in Brisbane and the Gold Coast.
  • Exceptional room to grow this business.
  • Based on the past 20 years, SES expects to retain and re-sign around 95% of its contracts.
  • Full training is provided to ensure a smooth transition.

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