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Coveyancing Business For Sale in Newcastle Hunter NSW

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Under Offer! Highly Profitable Mercantile Agency - Nsw

Location:Newcastle, Hunter, New South Wales

Category:Legal and Conveyancing, Finance

Asking Price:$1,000,000

1000000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Under Offer! Highly Profitable Mercantile Agency - Nsw

Business description

Business ID: BS[Phone Number Censored]

Average Income to owner $330K+ for 10 hrs pw

This business has become the leader in its field and has experienced, educated and licensed staff in place who have consistently delivered a high level of service for their long term clients who generate ongoing repeat work for the business.

The owner acts as a sounding board to staff and performs the payroll function, tasks that take up no more than 10 hours of his week.

-Minimal competition in region serviced
- YTD Growth 30%+ over FY19
-Major service area Wollongong - Sydney - Newcastle - Hunter Valley - Moree
-Solid client base with no bad debtors
-'Cloud' based software allows staff to operate from home
-Low business overheads
-All work referred by National Agencies
-Over 200 jobs in progress at any one time
-Strong cash flow

The vendor will provide a handover to the new owners and be available as a Consultant for further advice if required. The new owner will be required to hold a CAPI license and these are available via an application to NSW Police.

The business essentially runs at arms length and so provides a great opportunity for an investor or someone wanting to work hands on in the business. The business will also appeal to other Professional Services (or Labour Hire) businesses looking to expand an existing revenue stream or add a new line of business with minimal additional overhead.

Asking Price: The Goodwill and Assets of the business are for sale for $1,000,000

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