SOLD FOR $8,888,000 Civil Construction Business with Multiple Income Streams

This business specialises in directional drilling and has been in operation for over 12 years. The business has expanded from 1 very old small drill to owning 4 directional drills including an AT40 rock drill. The initial works began with drilling within the Rail Corridor to install conduits to upgrade level crossings and boom gates. Progressing forward there has been an expansion in the business, to include telecommunications, electrical and water / sewer areas. It is important to note, that this business is not for sale due to the stoppage of NBN work and that this particular business has had an absolute minimal involvement in the NBN network and so is not affected by this slow down in the NBN market.

Unfortunately this has been affected by COVID with an initial drop in revenue, however maintains an extremely strong presence within the marketplace having forecasted projections to increase by 30% due to future government tenders in progress. It is important to note that this business operates semi-managed with the owners interest focusing on other business ventures and working in the business a minimal amount with current management structure in place.

(THIS BUSINESS WAS RESTRICTED FROM ACCESSING ALL GOVERNMENT JOBS DUE TO THE COVID RESTRICTIONS IN FY21 TRADING YEAR)

Taking into account, there is a valuation report by Slattery auctioneers confirming equipment with over $3,000,000. Financing requirements for this business will be a breeze.

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