Highly Profitable & Long Established Business! A Unheard of 100% Return on Investment!*

- King Air Pty Ltd,Canberra ACT 2601

$695,000 + SAV

BusinessSize: n/a
King Air Pty Ltd is a high quality private local company that provides technical expertise in the Air Conditioning and Refrigeration fields. Due to the impending retirement of the owners, the business is now on the market to be sold!

The business was established in 1992 and is primarily focused on the commercial and industrial sector for installation and maintenance of air conditioning, heating and ventilation within the Canberra, Queanbeyan and wider region.

King Air Pty Ltd has been committed to providing their clients with the highest standard of service and has developed a business management system that incorporates Work Health & Safety, Quality Assurance, Environmental Policies and site specific plans that comply with the WHS&E Act.

The business initially commenced operations by installing small commercial air conditioning equipment for the mechanical services industry and providing contract maintenance service to a small number of clients. The next 10 years saw major growth and expansion of the services they now provide with the business currently holding 70 maintenance contracts including a major contract with an ACT Government Department.

They have now cemented their position within the market with their excellent reputation.

Commercial construction in the region is going through a boom period with King Air Pty Ltd successful in securing major project work through the tender process with Mechanical Contractors.

The business has huge potential for growth with turnover and profits growing significantly over each of the last three financial years. A motivated new owner could easily expand operations further and benefit handsomely.

The fully trained and experienced staff are willing to stay on with the new owner, supported by an established subcontractor base for specialised services.

A fleet of 15 - 17 vehicles is included in the sale with a total value of approximately $265,000.

There is also an option to purchase the premises should you desire, otherwise a new lease will be negotiated with the vendor.

Don't miss out on this exceptional opportunity! Phone Michael TODAY!

Sale Price $695,000 + SAV

*100% Return on Investment is based on the 2019 Financial Year 'Owners Adjusted Annualised Earnings' as calculated from the available Profit & Loss Statement.

For more information about this exceptional opportunity please contact Michael Newham of Finn Business Sales on 0419 263 014 or email michael.newham@finnbusinesssales.com.au

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Business
Stamp Duty:$0
 
The Finn Group

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What's Nearby

Queanbeyan West Public School, QueanbeyanPrimary School
1km
Queanbeyan High School, QueanbeyanHigh School
1.5km
Queanbeyan District Hospital & Health ServiceHospital
2.7km
Riverside PlazaMajor Shopping Centre
2.6km
Australian National UniversityUniversity
11.3km
Narrabundah CollegeCollege
5.6km
Queanbeyan Post OfficePost Office
2.5km

Canberra Suburb Information

 
 
Average Age
24 years
Population
2,824
Canberra Profile
Canberra Occupancy

Contact agents

The Finn Group

The Finn Group

View agency detailsMichael NewhamThe Finn Group
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This listing has been viewed 16 times. It was first displayed on 11/11/19 and last updated on 11/11/19.