Usually, a business would sell for 2 or 3 times its net return, however, in this case, there is an opportunity to buy at well below what would be the normal market rate.
Last year this business returned about $400k to its owners, however, we are only asking $399k and it's negotiable. In normal circumstances, this would be worth a good $800k!
The reason for this is simple. The perception is that this market may have peaked, but that is not yet showing in the figures. This business continues to produce very good numbers.
They provide and install insulation to ceilings and under floors and have gained a captive market of repeat business thanks to relationships that are now well established. A good team is in place to do the grunt work allowing an owner to supervise.
If you are looking for an opportunity to be your own boss and want something where you are getting a good deal then this is it. Keep it ticking along at current rates for a few years and you might be able to double your money when you sell. That's on top of it paying itself off in a year.
This is not an opportunity to dismiss lightly. Contact Steve - 027 257 6856 or Jonathan - 027 216 7830 to learn more.
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