Great opportunity to acquire a well-established, managed business which has the ability to provide a return on investment of over 30% to an interested purchaser.
Operating for over 17 years is a 100% New Zealand owned company that offers expert tailor-made services to their diverse client base, comprising of demolition of industrial, commercial and residential projects which includes clearance; preparation of house sites; soil excavation; asbestos removal; sale of demolition materials and buying/selling of scrap metal.
The company has consistently made profit year on year. In March 2019, they made a normalised EBITDA of $586k and are forecasted to make a normalised EBITDA of $761k by March 2020.
Due to a strong brand presence, the company is the 'go-to' demolition provider in the Thames Valley, lower Waikato, Rotorua, Tauranga & New Plymouth. The majority of their turnover is related to repeat work from their existing diverse client base, and there is already a pipeline of revenue totaling $1M, which further reduces risk.
Health & Safety is an important aspect of this industry and the company is fully compliant. They have experienced and highly skilled staff who can guide the organisation through successive stages of growth and have all the relevant certifications and licences. The company has made a significant capital investment to acquire a range of specialised plant & equipment including one of the largest crushers - 48 tonne Keestrack, in the country. This crusher is capable of crushing 400m3 of concrete per hour.
The business is for sale by a process which will operate in two stages, first, a non-binding Expression of Interest (EOI) stage will start on the 2 August 2019 and run for four weeks. This will be followed by a 3-week second stage, closing on 20 September 2019 where binding contracts will be due.
For a confidential discussion please complete our online confidentiality agreement. Visit www.ds4u.cc/abc?ref=30868 to get started.
Contact Pauras - 021 155 8107