ACTUAL PROFITS FOR TWO WORKING OWNERS Engineering For Sale
Revenue £1354563, Net Profit £211160, Established 20 years
Air Conditioning Services business for sale;
For sale $860,000 plus SAV. (This business is priced to Sell)
Location: Northern beaches - Servicing Sydney WIDE
2013 Turnover $2.314ML
Net Profit $360,726
2013 ACTUAL PROFITS FOR TWO WORKING OWNERS $541,614 INCLUDING ADD BACKS.
These figures are taken direct from The 2013 Financial statements.
• Very healthy consistent profits. In 2013 owners were more selective in the work engaged deciding to only concentrate on high margin work less new product sales where profits were traditionally lower. They kept a strong eye on expenditure.2013 uplift in residential work.
• Successful financial History with full financials available.
• 2014YTD to end September 2013 sales of $1,382,589 ( BAS )Tracking well.
• Business for sale, the owners will collect debtors and payout the creditors.
• Over the last 20 years the business has been operated by Two working directors and a small team of admin and tech staff with installation work being outsourced. One owner chooses to work mostly from his Western Suburbs home while the other is based at the Northern beaches office. They each have strong relationships with customers and are conscious of the need to play a major role in the handing over period and work closely with the new buyer during this transition.
• Good customer spread.
• Very little bad debts as no work is done with builders or unknown clients. There are no public tenders for work,.
• Income is split between 45% for Service and 45% Installation with 10% Domestic and light commercial.
• All installations and large repairs are contracted. Technical staff are mostly involved in maintenance and small repairs.
Please contact Peter Golding for more information and a confidentiality agreement
By return email or my office on