Sold

$500k PRICE DROP Now Asking $1.95m

SOLD

Outstanding Innovative Auckland Engineering Business. 

Sales $5.0m*       EBITDA $1m +*

 Motivated Vendor has had a change in family circumstances and is relocating This outstanding steel fabrication and steel erection business has to be sold.  The business has achieved in 3 years what most engineering companies would take many years to do and that is to build a highly profitable business.  

 The results speak for themselves 

Revenue 

  • 2021 $1.9m 

  • 2022 $3.6m 

  • 2023 $5.0m Projected* 

EBITDA 

  • 2021 $335,000 

  • 2022 $709,000 

  • 2023 $1,100,000 Projected* 

Pipeline of forward work into 2023 

  • Pipeline of Committed Work $2,000,000 

  • Deposits Held $470,000 

  • Projected* GP Av $20% 

 Their service orientated approach attracts new clientele while also maintaining a solid base of return customers. The practical & innovative IP provides systems to manage projects end to end, maximising production & efficiency translating to these fantastic results Those with an existing portfolio of engineering businesses could transfer these systems across your businesses to increase profitability across the board.   

There is a great in house team of professionals in place all of who are wanting to stay on. The current owner is also willing to consider providing consulting services for a fixed term after the sale. 

 If you are looking to secure your own profitable business or maybe looking for a sound acquisition that can add value to your existing operation you need to take a look at this business-this is a rare opportunity. 

For more information contact Mark Lewis on 021355569

 All qualified enquiries will need to sign a confidentiality agreement. 

 

Details

Price SOLD
Business ID 123

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