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Civil Construction Sector - Specialist Drilling Operation For Sale

New Zealand
Asking Price:
$10,500,000 (NZD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Not applicable
Cash Flow:
Available on request

Stability, cash flow & growth are the key words to keep in mind when you consider this incredible opportunity. This major drilling company based in Brisbane, Australia is highly respected, profitable and has a solid book of forward contracts and strong growth potential.

This thriving business is the “go-to” company for Specialist Civil & Industrial Drilling. The business sits on their own 1 acre block of Industrial Zoned land close to all major arterials. The property includes large industrial purpose-built sheds which house locked machinery storage, manufacturing and servicing.

Their “specialist” title is well-earned and is a major factor in their success. Their point-of-difference is the range of custom-designed equipment that no-one else has, which increases their capacity to win tenders beyond the scope of other drilling businesses.

They have a substantial suite of Drilling Rigs including their own unique custom-built rigs. There is a machine for every scenario including heavy rock and Caisson drilling, bridgework, and drilling on sites with low head height or difficult to access internal point of entry. To top it off the business has its own accredited repair and maintenance facility, keeping the machines in prime condition and minimising breakdowns and construction delays – all of which helps to contain costs.

Contracted work for the company comprises approximately 80% in Queensland, 10% in Northern NSW and the remaining 10% throughout Australia, with all operators used to travel when required. The team are highly skilled, loyal and reliable, many are long-term, and all have a commitment to client service. All operators possess a Cert III in Large Hole Boring, holding many other tickets, and are well-trained in safety protocols.

This business has it all, from the skilled and stable staff, the self-contained set-up, the management of the balance of work to allow efficient availability and usage of equipment, and the unique equipment itself which broadens their capability to win tenders over others.

Strong growth has been seen in the business over the last year, and with the contracts on their books and regular winning of further tenders on a weekly basis, the business in its current form is a valuable investment.

However, growth potential also exists in the area of Design & Construct. Their standing in the industry means they regularly receive requests to take on an entire project, including the Engineering. This is an exciting opportunity for an existing Drilling Company to grow, or an Engineering or Civil Construction company to expand, increase their capacity to win Design & Construct tenders requiring specialised drilling, and maximise profits by executing complete contracts in the most cost-effective way. Either way, the investment couldn’t get any better.


Your success in summary...

• Drilling Operation with heavy rock and difficult-to-access site capability
• Unique equipment easily driven or transported to sites
• $4 million turnover and $980,000 net profit in the last 12 months
• Fixed Assets in Excess of $8 million
• Land Valued at $2.8 million
• 6 months of Forward Contracts and weekly flow of winning tenders
• More than 50% growth in the last 12 months
• Self sufficient operation including equipment storage, maintenance and repair
• Purpose Built Buildings on 1 acre of Industrial Zoned Land
• Brilliant Investment & Business Opportunity, and/or potential acquisition for a Civil
Engineering, Construction, Piling or Drilling Firm wishing to expand

Once-in-a-lifetime opportunity – all boxes are ticked!
Contact Mike Blaq at Aspire Business Broking today for more information.

Property Information

Size in square feet:
43,560

Business Operation

Reasons for selling:

Owners wish to retire

Years established:
60

Contact ASPIRE FINANCE SOLUTIONS

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