Property Maintenance & Renovation Business
Sold
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.