Timber Flooring Maintenance
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This is an established business that has been owned and operated by a husband and wife for many years. Sales last year were well over $1m, so this is a very profitable business which operates from a home office, so is not location dependent nor incurring high overheads.
It specialises in the supply, repair, sanding and varnishing of timber flooring. Over the past several years the business has focused on insurance related work and this now comprises approximately 60 - 70% of the business income. There are relationships in place with insurance companies which supply a steady flow of work. These relationships ultimately revolve around the reputation, quality and timeliness of the work performed. Work also flows from builders and the general public, although the vendors are selective on what they take on.
The Vendors mostly undertake the administration, quoting and co-ordination of the work. The business engages very experienced sub-contractors who undertake the work and generally work full time hours. Therefore this business would suit someone who is organised and has some general understanding of this type of work. The Vendor advises that he is willing to stay on with a new owner for an extended time to train the buyer if needed. Also he is prepared to remain as a consultant if desired.
The Purchaser could keep the business at the same level or perhaps look towards increasing the size of the business. The business could also potentially be “added on” to another business in an aligned industry. There are a number of different options with this business.
The business is well priced, being circa 1 years profit as goodwill, plus plant and equipment.
For further information contact David Screaigh on 0409 113 814 or firstname.lastname@example.org.
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