Leading privately held flooring solutions provider - Sydney based
Based in NSW, the Company is an end-to-end flooring supplier and installer and specialises in the installation of floor and wall coating systems for non-residential clients.
The Company is a leader within its geography and market being the NSW metropolitan and regional markets and is increasingly gaining interstate projects - predominantly in the food and beverage, retail and industrial sectors.
The Company has been established for over 20 years, enjoys an exceptional reputation for quality, has developed its own proprietary systems and services blue-chip clients nationally.
The Company represents an exceptional acquisition for the astute investor based on:
Sustained financial performance
FY16 revenues and profit (EBITDA) of ~$3 million and ~$1 million respectively
25% compound annual revenue growth over past 4 years
Gross Profit margin >70%
Exceptional Portfolio of "Blue-Chip" Clients
Average customer relationships ~10 years
A focus on larger projects with 80% revenues deriving from projects > $50,000
Customers span a range of industries including retail supermarkets, manufacturing, commercial, food & beverage and hotels.
Significant Competitive Advantage
Established over 20 years, enjoys an exceptional reputation for quality
HACCP certification for food and beverage flooring
Proprietary private-labelled systems with established market recognition
Strong referral stream, ~80% revenues generated from repeat business
Experienced and Loyal Staff
Highly experienced team and no contract labour ensures quality control
Non-unionised workforce enables the Company to be highly responsive to clients
Customer relationships spread amongst management team
Substantial Growth Potential
Increasing revenue contribution by higher margin proprietary products
Geographic expansion beyond current metropolitan NSW focus
Forecast increase in store refurbishments due to competition in the sector
Opportunity to establish franchise or licensing arrangements
The Company operates from a ~200m2 premise which is offered for sale as an option. Market relevant lease has been included within the profit (EBITDA) calculation.
Price: By Expressions of Interest
Mobile: +61 (0)419 851 267
Suite 22 / 76 Doggett Street
Newstead Qld 4006