Supporting some of Australia’s biggest home building companies and having relationships with the industry’s biggest suppliers – the enterprise makes better profits than its larger competitors.
It is well managed on behalf of the present investors, the team of approximately 45 includes approximately 25 Technicians and support staff; Key persons are long-term, happy to continue and industry stalwarts. There are also loyal sub-contractors in areas where this firm does not have its own personnel.
Generating Income from both Pre-Con and Annual Inspections from Melbourne to Cairns and all major centres between them, this company has a solid foothold along the East Coast with leased headquarters in Queensland and state offices in NSW and Victoria.
The patented IP was renewed in 2019 and provides product that materially reduces operating costs and provides unique branding differentiation in the industry. There are also trademarks and copyrights that are current.
The firm owns its IP, which now has an extended life well into the future and it outsources manufacture to other Australian enterprises.
Revenue has declined by approximately 3% in 2020 to just under $6million, but the firms EBITDA has remained consistent and above 18%, allowing the investors to continue the practice of monthly dividends.
The owners have multiple other investments; this is seen as the right time to pass the business onto the next generation of entrepreneurs in the industry.