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Representing an annual $1.27mil profit opportunity to access the building restoration and repair businesses exclusive with the Victorian state-owned corporations.
· A specialist building restoration and repair operator approved by and contracted to a number of Victorian Government state-owned corporations
· Delivering various projects ranging from $500 to $100,000 throughout the state of Victoria ever since 2010
· Smaller carpentering and painting works under $25,000 and whole building renovation projects under $50,000 account for the majority proportion of the businesses
· The remainder of the businesses distributes over demolition, the supply of fences and signages, bridge maintenance and routine visual bridge inspection
· The business witnessed consecutive growth in revenue over FY17 to FY19 and the 3rd annual growth in a row in net profit with FY20 finalizing at $1.27 million
· The major existing contract with the government corporations is set to expire in September 2021 with 2 x 1 year holding over. A new 3 years contract will be secured by then as per usual over the last 10 years
Sales: ˜$2,800,000 p.a
Earning: ˜$1,270,000 p.a
Wages: ˜$830,000 p.a (workmen and subcontractors)
Wages: ˜$165,000 p.a (supervisor)
Operating throughout the state of Victoria
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