SOLD
Business Overview
It is not very often that you come across a business with such incredible returns as this one.
This long-standing, family-focused services business has a combined turnover of $2.1m in 2020FY from two locations and shows a NET profit of just under $860k … That’s 40% of turnover and is after a general managers' salary!
Unaffected by the current COVID-19 restrictions this businesses turnover increased in 2020FY over and above that of 2019FY by 21%.
With a professional team in place, an extensive database of 80,000+ clients, and minimal overheads this niche services offering is an ideal investment for any business professional, lover of the arts, or established services company looking to expand its reach/offering through acquisitions.
Financial Summary
Revenue $2,165,475
Cost of Goods $252,168
Rent $130,372
Expenses $183,601
Wages incl Super $741,417
Net Profit (EBITDA) $857,916
*Figures are as at 30 June 2020FY
Features
Strong turnover and low overheads
2020FY turnover increased by 21%
Two locations, both with low rental expenses
Net profit of $857,917 being 40% of turnover
Not reliant on a handful of key clients, database of 80,000+
Niche family-focused services business not effected by economic disruptions
Premises
Lease 1
Ends 20/01/2025
$76, 490 incl Outgoings
3% increases
Lease 2
Ends 09/06/2022
$43,573 plus Outgoings
3.5% increases
Buying a business is easy with Vision
"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process "
Daniel Kogan
(m) 0401 620 918
(t) (02) 8923 2632
The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained on this business