General Description

Opportunity to own a business earning an owner over $1 million mainly in an administrative role do not come along often.

If you ever wanted to own a business that is a cash cow, you cannot go past this business.  Very well-known equipment hire business which services Canberra and the surrounding region.

• One owner business and role mainly administrative
• Owners profit 2023 $1 million
• Owners profit 2024 $900,000
• Owners profit 2025 on track for $1.2 million ($970,000 at March 25)
• Business currently operates with 10 loyal staff
• Not reliant on one customer - large base of long-term regular clients generates the revenue
• All equipment included in sale - over $600,000 in value
• Experience in the hire industry not necessary.  Current owner had no experience in this industry when starting.

This business will always be required and will continue to grow due the nature of the industry it operates in.  Vendor is looking to sell as moving interstate.

Potential
To date, little marketing has been undertaken.  Majority of the work has come from word of mouth and retaining many of their long-term satisfied customers.  The new owner could implement some marketing and even begin targeting clients to increase the business profitability.

There are many more opportunities for business growth, including expanding into new products.

Premises
Business is currently run from an open yard with office facilities.
Can operate anywhere in Canberra as is not location dependent.

Location
Canberra

Trading Hours
Open Monday to Friday.
Requires occasional out of hours work by staff.

Lease
$1,565 + GST per week
New 5 year lease with 5 year option

Financials
Turnover exceeds $2m
Low overhead business

Price
$3,150,000
Includes all vehicles, equipment and consumables over $600,000

Due to the asking price, we will kindly require further details from buyers to confirm their ability to fund the purchase of the business before further details are provided.  Once the confidentiality agreement is completed, I will call you to discuss further.