Pond/aquarium Service & Cleaning

Pond/Aquarium Service & Cleaning

Stock Included: — Stock Value: 4000

Years Est: 22 Gross Revenue: 253500

Summary
Aquarium & Pond service and Maintenance Business .Operating for over 20 years. Owner only works 20 hours per week. Solid long term track record and huge potential for increased revenue.1 Employee.

Revenue
$253,500 pa

Rent
$0 pa

Expenses (including wages)
$98,500 pa

Net Profit
$155,000 pa

Location Details
Mosman, Chatswood & North Sydney

Potential

The business has huge upside potential. Growth so far has been largely organic. More aggressive marketing would greatly increase revenue. There is scope to expand both service and product sales. Currently the owner only works around 20 hours per week in the business and is selective in the work taken on. This presents a new owner the ability to work in the business more or spend the time further expanding sales. Keeping fish in Australia is the third most popular pet. It's a very big market with many avenues to explore.

Skills
No official qualifications needed. Being good with people would be an advantage. Background knowledge would be a bonus but not essential. Business is easily transferable and training can be provided for a smooth transition.

Hours
Flexible working hours structure around the owner and clients. No weekend work but this is an option.

Lease

NO LEASE NEEDED. Work is done as a mobile service. There is some equipment but not much storage needed.

Employees

One employee working on average 4 days per week. He has a good skill set and is reliable and happy in the role. His role is providing services "on the road". The owner is in a management role.

Reason For Sale

Owner is very happy with the business in terms of lifestyle and finance but has decided to move into a different field.

About The Business

*Lifestyle Windfall!... *Work 20 hours per Week... *2019 EBIT Over $155,000.... *Low Overheads... *Revenue growth of 21% last fin year. *Diverse Client Base...This programmed service and maintenance business is an authentic lifestyle acquisition. It has proven to be resilient in times of economic uncertainty and has served the vendor well for over 20 years. It has developed a strong, though compact presence within the market focusing on some of the more affluent areas of Sydney. The vendor has not actively marketed the business for several years, so a new and enthusiastic owner has enormous scope to expand the business both within the present areas and further afield. The long-term loyal customer base is a mix of business, residential and strata accounts who are serviced according to their regular schedule that is planned in advance. You can expect a significant recurring income stream. The owner is selective of “One off” work.There is an opportunity here to provide further services.
Income is derived from service and sales, however this can be increased by adding installation and supply. The business is currently located at the residence of the vendor. He only works an average of 20 hours a week in the business and still enjoyed an EBIT of over $155,000 the last financial year. He employs a service assistant to do the runs to enable him to do this. There are no formal office hours. The vendor creates his own service schedule to suit his lifestyle and the requirements of his customers. The average is 4 days per week. A new owner could increase their return if they were to spend more time in the business. The sale comprises the assets of the business (including vehicle), including tangible assets, intellectual property and goodwill. The sale is on a cash free / debt free basis. The vendor will offer the purchaser appropriate training and handover of the business. Transferability of this business to a new owner is an easy process. Work 20 hours a week and have a great income!

History
The business was established in 1998 and has been in operation for 22 Years.
It has provided a long term steady and reliable income.
A new owner would benefit from the well refined business processes that have been developed over the years.

Additional Details

Years Established: 22
Gross Turnover: 253500
Approximate Stock Value: 4000
Number of Employees: 1
Property Title Included: No
Business Relocatable: Yes
Business Operated from Home: Yes