Price
$8,888,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Melbourne Region, Melbourne
Category
Industrial Manufacturing, Building and Construction
Listing #
ME01943
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.
Video is available on this listing. Copy and paste the below link into your browser to view.
https://youtu.be/5-_Rdg-NdVI
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
To find out more, complete an online confidentiality agreement by clicking the button below.
Click the email alerts button to be notified of other businesses that may be of interest to you.
For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
"*" indicates required fields
