Scan Capital Pty Ltd AFSL 400964 and Scan Pty Ltd
Scancorp Queensland Office
Suite 22, Newstead Commercial Village
76 Doggett Street
Newstead QLD 4006
T 07 3902 2400 F 07 3399 4288

Leading Flooring Solutions Provider - Highly Profitable

Sydney

Leading privately held flooring solutions provider - Sydney based

Profloor 1

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.

Investment Highlights

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

Optional Freehold

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.

Overview

For Sale
Price: By Expressions of Interest

Inspections
By appointment

Agent details

Gary Tempany
Mobile: +61 (0)419 851 267

Email: gary.tempany@scancorp.com.au

Suite 22 / 76 Doggett Street
Newstead Qld 4006

 

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