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$1,000
This is an outstanding opportunity to purchase a company which has a track record of delivering good on-going profits to its owners. Most of their work is in Tauranga but they cover the Bay from Waihi to Opotiki, as well as Rotorua. The ratio of new build to retrofit work is around 6:1 meaning that their reliance on the renewal of the government's insulation scheme is low. The company has an on-going relationship with a major Tauranga building supply company, which assists in providing continuity of work, and lends substance to their brand. A unique and patent-protected installation procedure ensures extremely accurate installation with minimal waste. This business has concentrated on the residential market but there is an opportunity to substantially increase the turnover of the company by targeting the commercial building market. One of the owners works full-time, while the other owner works around 5-10 hours per week on administration tasks. The last three years has seen a cash surplus of just under $100,000 pa. This is a very solid business with excellent systems in place and the opportunity to grow substantially. Contact me today for a comprehensive information memorandum.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Buying a business should be exciting, but it can quickly become stressful if you don’t have experience in accessing business acquisition loans.
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