Sydney Metro Scaffolds has become a recognised brand in the construction sector and in turn has established a long term customer base with over 17 years of proven background in the local market
They provide both types of scaffolding (steel & aluminium) services including delivery, erection, hire dismantling and collection of scaffolding throughout the greater Sydney metropolitan area with a stock of over 1100 tonnes.
Ideally situated in Mascot in warehouse with 2years lease left, it has no genuine opposition in the inner Sydney area to take advantage of construction sites in inner Sydney and surrounding areas.
Clients include a healthy cross section of the community including tier 1, 2 & 3 construction companies, remedial builders, general market builders and general homeowner/builders, with the majority of works being in the Eastern half of Sydney providing a better market and rate of return. All in all the company services any client and has a substantial client database and long term return account clients.
Whilst this business already has an excellent net profit, if wished, an injection of funds could see the business realistically achieve an annual net profit of $1 million. It also has the potential to grow a general hire branch if wanted as an add-on.
Based on its name it immediately sits at the forefront of online searching when anyone types in “Sydney” and “scaffold” together.
The vendor is selling as he would like to retire and believes the business has tremendous upside and growth and consistently turns away work that could be taken on if wanted to grow further.
- The sale includes over $1.8million dollars in P&E.
- Accountants contact details available on request.
- Owner will provide ongoing support to help steer the buyer if growth is wanted.
- Work and contracts in progress close to $1,000,000
- 1100 tonnes of steel, approximately $200k in Aluminium gives Stock value equals $1.8m+
Leasehold Sale Price $2,600,000 WIWO
ABM ID #5042