08 8361 3074

Property Maintenance & Renovation Business

$175,000 + SAV ($3,000 approx.)

Business Description

The business was established in 2002 by the current owner and focuses on property maintenance, renovations, pre-rental, pre-sale & insurance work. In general, the business provides services from replacing a door or lock, repairs to a roof leak or even replacing an entire house roof. They can also supply and install new carpets, blinds, attend to all electric and plumbing work, bathroom, kitchen and laundry renovations.

The business has one full time office staff member that attends to client, trade & supplier enquiries, as well as organising & co-ordinating all job bookings & supplier deliveries. The day to day bookkeeping and job management are recorded via MYOB and Tradify Software.

At present the database includes 742 customers and 482 suppliers. In the last 36 months the business recorded 2,171 jobs & quotes with 1,597 jobs fully completed & invoiced. The vendor currently works 4 days a week in the business. His main role includes quoting jobs and attending to customers and trade enquiries.

At a Glance

  • Very profitable business with very low overheads
  • Operates 5 days per week
  • Business growing
  • Former ISO 9001 company
  • Impressive business organisation & depot

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $175,000
Stock at valuation (approx) $3,000
$178,000

Financial Summary

Year Sales Return to Owner Return on Owner's Investment
2018/2019 $389,183 $109,020 61.24%
2019/2020 $498,483 $115,573 64.92%
2020/2021 $526,574 $112,813 63.37%
2021/2022 $365,909 (6 months) $69,736 (6 months) 39.18%

Staff Summary

The business employs one full time staff member.

Lease Summary

Current Rent $1,800 per month
Lease Commencement Date of settlement

The vendor of the business owns the freehold property and will offer a new lease to a purchaser if they wish to continue operating from the same premises. The freehold property is also available for sale.