Sold

Reputable Business: $2.3M Cash Surplus

SOLD

With sales of $8.2M, a significant Taranaki enterprise is now on the market with two adjoined properties. This is a rare opportunity to buy a solid, dependable business that has weathered the storms and not only prevailed but prospered year in year out: 2021 EBPIDT - $2.3M, 2020 EPBIDT - $2.4M, 2019 EPBIDT - $2.2M.

Barriers to entry are significant due to the large client base, the reputation of the business in the region and the highly experienced staff who are known and trusted for their competency and extensive experience.

The vendor notes that his right-hand man would make an excellent manager going forward, as he already helps run the business when the vendor is on holiday and during peak work times.

As the business has been successfully run by a husband-and-wife team for the last 30 years, anyone buying the business will also need to find someone with strong administration skills to work in the business.

Reason for sale? The vendors are ready to shift a few gears down and spend more time with their grandchildren, but they are very open - dependent on price and terms - to work for the new owners and assist them through the transition for a period of time, if required.

The nature of this business cannot be disclosed without a confidentiality agreement.

Asking Price: $6,895,000 including equipment and vehicles ($4,593,000 BV). The business properties ($880,000) are not included in the business sale price but there will be a high degree of negotiability for a combined sale.

There is plenty of scope for further growth and we are sure you would like to hear more about this business. First, please visit www.barkerbusiness.co.nz/3226, register your details and submit the online Confidentiality Agreement. Once Sean receives your expression of interest he will be in touch regarding further information about this opportunity.

Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2022.

Details

Region Taranaki
Price SOLD
Business ID 3226
Category Services

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