Carpentry and Joinery Price Negotiable
Stock Included: No
Stock Value: NO
Years Est: 6 years
Gross Revenue: 170,000
Mike Wood Carpentry and Joinery- Est (Year of establishment, 2015)
Reason For Sale
Michael Wood is relocating to New Zealand to live with family, forcing an undesirable and required urgency to sell this business within 2-3 weeks, hence the cheaper rate and negotiable price. AN EXCELLENT OPPORTUNITY AND STEAL FOR NEXT POTENTIAL BUYER/OWNER!!!!!!!
About The Business
Mike Wood Carpentry and Joinery is a well-established business providing expansive carpentry and joinery services to residential homes and commercial businesses in The Hills and North Shore areas of Sydney, NSW. It is well known for unparalleled service and support with an exceptional reputation among its established clientele, providing exceptional goodwill, an appealing income and opportunities to scale. It has an exceptional reputation, and working 7 days a week, 7am-5pm. (even lots of work during COVID) which provides exceptional goodwill from clients and appealing income. The company provides services such as creating bespoke designs for homes, installing cupboards and shelves, home renovations, and maintenance services such as replacing and upgrading decking, going beyond the call to help each customer – quickly, competently, and personally.
Some key services provided by Mike Wood Carpentry and Joinery include but are not limited to;
- Design, build and installation of bespoke home elements
- Home renovations
- Comprehensive maintenance
The key to the business’ success lies in an intense focus on the ability to offer exceptional customer service, timely project completion and creative skill. As a specialist offering a range of carpentry services in a niche market, the business has earned the role as a trusted multi-faceted company to its client base.
Long Term Contracts with potential for additional growth;
- Body Corporate Services Strata Management (BCSSM). The work consists of an open ended contract as they consistently send work. The work outlines jobs such as; door, beam, cornice, plaster ceiling, walls and fence replacements. Can include painting, lattice panels, damaged roofs etc. The frequency of jobs are quite regular and a couple of times a month. The approx earnings from this client is around $38,000 per annum.
- Personal Home Maintenance Contract for a 5 acre property in Terry Hills, NSW. This work consists of 6 fences, moving manure, building sheds, install floating floors and overall maintenance around the property. This job is monthly, so you can work 4-5 days within a month. The approx earnings from this client is around $36,000 per annum.
The Mike Wood brand is well established in The Hills and North Shore, barely touching the sides of the huge potential for growth if the business were to expand beyond its current sole-trader positioning. The business is best suited for a strategic buyer who wishes to expand into the Sydney area through a company with a reputation for excellence.
FYE ’19; Revenue $123,000
FYE ’20; Revenue $155,000
FYE ’21 (Projected); Revenue $208,000
FYE ’19; Profit $56,000
FYE ’20; Profit $64,000
FYE ’21 (Projected); Profit $88,000
} Market Reputation – Driven by consistent levels of superior workmanship and reliability
} Profitability – Business growth of 41% from FYE ’19 to FYE ‘20
} Established Relationships– Existing contracts with homeowners and commercial operators
} Growth Opportunities – Castle Hill suburb is projected to grow at a significant rate.
The business’ owner is willing to educate the new owner(s) during a transition period of 2-3 weeks if sale is before move.
Any more questions or queries please contact me ASAP!
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