[Just Sold] Are you in the air conditioning industry, or property maintenance industry and looking to grow through acquisition? If you are, this could be the business purchase you are looking for.
This organisation offers preventative maintenance, repairs and refurbishment of commercial and industrial air conditioning systems. The customer database includes a number of major blue chip customers.
This organisation provides maintenance and servicing for approximately 60 contracted customers. It also offers its services to non-contracted customers on an ad-hoc basis. Servicing and maintenance activities provide the business with a stable stream of annual revenue.
In addition, the business undertakes ad hoc plant and equipment refurbishment projects. Revenue from projects can vary significantly from year to year. The business typically targets projects with revenue in the range of $35k to $1 million each. Much of the project work is outsourced.
For the past three financial years, the business achieved average sales of $4 million and net profit (EBITDA) of $337,000. Throughout this period, revenue from service and maintenance has been relatively consistent at about $1.5 million to $2 million per year.
Due to the variable size of projects taken on, there is quite a bit of variation in total sales and profit from year to year. In recent years, annual EBITDA has varied in the range of around -$90k to $604,000. Over the same period, total sales have varied in the range of $2.4 million to $4.85 million.
This business could make an excellent acquisition for another business in the industry that would like to gain a solid source of ongoing servicing and maintenance revenue. Also, a buyer who is able to complete projects mainly using their own in-house resources should be able to boost gross profit significantly.
As the buyer, you will not only gain extra customers and sales revenue, you will also gain a team of experienced employees. These employees have received ongoing training in customer service, OH&S and technical skills. Further, tooling and a fleet of 10 vehicles are included with the business.
This established air conditioning business is being offered for sale by ‘expressions of interest’ – make an offer!