Tabak - Christchurch Business Sale Brokers, Sumner, Christchurch

News / Offers

   

Niche Install & Repair

This business has been providing an essential service to its customers for over 20 years. Key aspects include:

• Varied client base, covering the South Island
• Niche service – experts in their field
• Predominantly B2B, with opportunity for growth in B2C
• Repeat business, with yearly R&M and major works on rotation approx. every 7 years
• Capable staff
• Months of forward work ahead
• Top quality plant & equipment
• Excellent premises within Rolleston’s Izone



Owners Role

The owner spends his time liaising with customers, quoting and overseeing jobs. Due to the growth of the business, and to ensure an appropriate handover of technical skills, the Vendor is willing to stay on and work for the new owner as an employee. An allowance for this has been factored into the below earnings. Alternatively the Vendor is open to discussions around a 50% sale of the business to the right buyer.

While no specific skills are necessary, experience in the trades industry would be beneficial. There is ample opportunity for growth for a new owner that is prepared to spend time on business development.
Sale Price $475,000
Net Surplus $226,894 EBPITD 2024FY

Tabak Ltd licensed under REAA 2008 - L001606

   

Commercial Cleaning - Christchurch

This business has been providing essential services to its clients for over 25 years; and key aspects include:
• Current mix of sales is 85/15 commercial/residential but this can alter depending on the owner’s focus
• A database exceeding 350 clients/prospects which are regularly contacted
• Reasonable percentage of passive/call cycle income complemented by one-off project work
• Contracted income and good forward orders, and an extensive quotation history
• A credible and respected supplier of commercial cleaning services
• Strong brand equity reinforced by vehicle signage and staff uniforms
• Established and capable staff
• Excellent referral business

The Market

The business provides multiple services to various markets including:
• Developers & commercial building owners
• Commercial & Residential Builders
• Homeowners & Consumers

Business development; client account management; accurate quoting and staff relations are the critical success factors within this business.

The business comes with all relevant P&E including 5 vehicles, with an approximate market value of $60k for all plant & equipment.

Sale Price $395,000
L000911

   

Import & Direct Sales - Relocatable

The business imports two key product ranges that are complementary, renewable and energy efficient. Whilst they each perform separate and distinct functions; they generate demonstrable payback and/or competitive advantage within their markets. There is significant opportunity to either increase market penetration with these products or increase the range of products available through their exclusive suppliers.
Key Attributes
• 2024FY earnings exceed $200k EBPITD and Covid-generated head winds are behind them
• Stock of $200k and P&E of $10k included in the sale
• World leading suppliers & brands, exclusive to this business, proactively support the business
• Both commercial & residential markets available; some wholesale business being developed
• Excellent technology with demonstrable paybacks and/or performance efficiencies
• Fully compliant with NZ legislation

This business is perfect for a buyer wanting to “make a difference” and who understands the advantages & benefits of utilising quality product to optimise home or commercial processes energy outcomes!
Sale Price $450,000 incl stock and plane
Tabak ltd licensed under REAA 2008 L001597

   

Sales & Installation Queenstown & Wanaka Dealership

This is a well-established and quality business model, offering a product to both the new build and renovation market. Leads are generated within the territory and dealer website and by the product manufacturer via their website. The dealer organises a site visit and does a measure up, with a quote to follow. Once the quote is accepted a deposit is paid, the product is ordered from the manufacturer and the installation is completed.

The current owner both sells and installs, albeit a new owner seeking growth could potentially outsource the installs to devote more time to selling.


Business Strengths:
• Strong growth and profitability since inception
• A good understanding of the “measure & quote’ environment is essential
• Simple and effective business model
• Design & product specification run nationally by head office
• Currently one man band – work your own hours
• No licensing fees

. Louvo has relationships with some of the largest builders and developers in the region
Sale Price $295,000 EBPITD $163,561
L001447
Tabak Ltd licensed under REAA 2008

   

Essential Building Service

The business has been servicing the Lower South Island market for over 65 years. They provide a vital and regulated service into their market. The business has built a reputation for reliability and value in the offering they provide. This results in considerable repeat demand for their services.
This business is fully managed, with Branch Managers in both locations. No industry experience is required by the new owner, with the current owner providing general oversight only for approx. 10 hours per week.
Business strengths include:
• Strong financial performance
• Long well established history
• A stable and competent staff structure in place
• Relative lack of complexity
• A wide range of quality customers with repeat business

Staff are well experienced and loyal, some having been with the business for well over 20 years.

Turnover is circa $3.7m. Fixed assets have a book value of approx. $3m with original cost exceeded $6m.The year to date performance is on track to exceed the previous year. Over $1m of forward work is already locked in, with some new projects expected to provide 8 years of ongoing work.

Sale Price $3,400,000
L001551
Tabak Ltd licensed under REAA 2008

   

Aorangi Electric - Fairlie

The business is currently operated by a husband & (part time) wife, with several qualified tradespeople and a part time admin person on staff. Annual sales range from $1.1m to $1.4m + GST with at least 15% generally falling to the bottom line as “owner income” (after allowing a wage for all but the working owner). The business enjoys the support of the wider local community, and the buyer will require an electrical background as our current owner is “on the tools” for much of his day, with his wife overseeing the office and admin side of the business.
Key Attributes
• Earnings currently $156k EBPITD, but has reached $200-250k EBPITD pre-Covid
• Stock of $75k and P&E of $90k (incl. 3 x Ford Transit vans) included in the sale
• Showroom & workshop on the main street of Fairlie, directly opposite the best pie shop in the country!
• Qualified & happy staff
• Perfect for a tradesman electrician who wants a change of scene and a more enjoyable “pace of life”

This business is perfect for a good tradesman wanting to take a step up the value chain and wealth ladder and live a more enjoyable pace of life with a great variety of clients and jobs!
L001419
Sale Price $150k plus stock and plant

Tabak Ltd licensed under REAA 2008

   

Manufacturer - Joinery - within 2 hrs Christchurch

This is an opportunity to take over an established profitable and proven business, with a creditable history and a reputation for bespoke excellence in both product and installation. The business services the regional South Island including Christchurch clients. With a comprehensive mix of new builds, renovations, garage & other doors, and cabinetry the business has a wide range of revenue streams, albeit around 65% of sales are kitchens.
Annual sales are around $2.5m + GST per annum, and the business has $700k of confirmed forward work and continuing enquiries through very strong relationships with clients, builders, developers, designers & architects. The owner is very seldom “on the tools”, with his focus being sales & business development.
Key Attributes
• Multiple award-winning Master Joiner with excellent brand equity
• Good range of clients with sales very widely spread
• Reasonable cashflow with deposits and progress payments

The new owner will be an experienced business professional, with the ability to maintain relationships with staff, customers & suppliers. Joinery experience or exposure to a design, measure & quote environment and/or a manufacturing background would be useful.
Sale Price $995,000
L001576

   

Project Management - Excavation, Construction

This business subcontracts to commercial & residential builders, developers and building/property owners. The business model is very simple, with the owner essentially project managing all clients, and utilising contractors who are on site and “on the tools” delivering the promised outcomes.
Key facets of each project are design, preparation, excavation, & foundation with this business providing a total site preparation & foundation package.
Key Attributes
• $12m+ pipeline of formal quotes and $1.5m+ confirmed forward work
• One working owner and one staff member run the business
• The current owner works circa 25-30 hours per week
• Excellent systems & clever use of technology to enable the remote management of the business
• Home office ensures low overheads
• Profits to a working owner that can range from $250k to $450k annually
• Excellent contractor relationships

This business will suit a competent & capable Project Manager, particularly if they have had exposure to or an understanding of the construction sector. Positive people, communication & sales skills will all enhance a new owners ability to drive this business forward. L001490
Sale Price $650k
Tabak Ltd licensed under REAA 2008

   

Manufacturing & Install Retiring Owners

This well-established business is based on the outskirts of Christchurch. They offer custom and specialised solutions to a large and varied customer base.

Key Strengths of this Business

• Well established & consistently profitable
• Diverse customer base covering multiple industries
• $1m of forward work already confirmed for 2025FY
• Opportunities to add a digital presence and sales energy
• Good reputation for timely delivery and installation
• Superb staff and experienced QS’s on hand for pricing
• Opportunity to become a managed business
• Purpose built premises, with a large family home on the property also available


The Buyer
The majority of pricing is undertaken by experienced Quantity Surveyor’s, therefore the buyer does not need a specific skill set. However an interest in manufacturing and a broad understanding of construction would be beneficial. The retiring husband and wife owner’s roles involve staff planning, general oversight and administration.

The majority of pricing is undertaken by experienced Quantity Surveyor’s, therefore the buyer does not need a specific skill set. However an interest in manufacturing and a broad understanding of construction would be beneficial. The retiring husband and wife owner’s roles involve staff planning, general oversight and administration. Tabak Ltd licensed under REAA 2008

Sale Price: $1,375,000 incl. stock & plant
L001423

   

Sales & Installation Showroom Home Improvement

This Christchurch business has been established for over 50 years and has succeeded through highs, lows and many economic cycles. Business highlights include:
• Sales of $7m + per annum with 5-10% dropping to the bottom line as EBITDA
• High brand equity
• Experienced & loyal staff
• Manufacturing facility
• Multiple suppliers – multiple markets
• High profile showroom in a prominent location
• Consistent forward orders and excellent, identified future project opportunities
• Estimated 70/30 % commercial/retail sales split
• High value of stock & plant (circa $1m)
The Buyer/Seller
Our vendor is heading into “semi-retirement” and ‘gold card’ status. They want to step back from their management & support role, and be free to travel and enjoy a lot more “me time”. Their good health and a passion for their team will ensure an optimal handover period.

First time on the market for 50 years, this iconic Christchurch business is ready for fresh energy and new ideas.


Sale Price $1,600,000 incl. $1m+ stock & plant

$600,000+ EBITDA

L001517
Tabak Ltd licensed under REAA 2008

   

Automotive - Wholesale Parts; Specialist Service Centre

The following attributes make this business an appealing acquisition for anyone with an interest in the automotive sector.

Highlights

• Sales of $2m+ GST this FY and increasing
• Multiple income streams (wholesale & retail) across several market niches
• Essential products & services, both now and into the future
• Excellent systems
• Experienced staff & strong team culture
• Sales & Operations Manager in situ
• Stock of $1m and P&E of $100k
• Owner works no more than 30 hours per week, and not in the workshop
• Market leadership within its niche
• Preferred supplier to Capricorn & Auto Shoppe members
• Wide spread of clients with no real customer risk


Buyer/Seller

Our vendor wishes to retire, that is the only reason for sale. The buyer could be:

• An individual wishing to add their management & business development skills to a market leading business
• A trade buyer keen to add circa $800k Gross Profit (after purchases & wages) to their business

This is an exceptionally good value purchase for an outlay of only $200k goodwill/intangibles

Sale Price $1,300,000 incl. stock & plant

L001512
Tabak Ltd licensed under REAA 2008

   

Automotive Workshop Growing Commercial Client Base

On track to generate over $1m + GST in sales this financial year, this business has successfully operated in its Christchurch location for over 16 years. The business has a reputation for providing excellent service and workmanship in all facets of vehicle repairs and maintenance. The vast majority of business comes from a large mix of commercial clients.

Highlights

• Continuous profitable growth
• Excellent margins
• Great local reputation
• Strong list of key clients
• Skilled team of automotive technicians
• Excellent CBD outskirts location

Opportunity

This business has been steadily growing year on year. To manage the growing demand an ideal opportunity is to open the workshop on Saturday mornings to accommodate (Currently Monday-Friday only), and also employ additional mechanics to meet this growing demand from commercial customers.

This would be an ideal acquisition for an existing automotive workshop, or alternately this is an excellent stepping stone for a qualified mechanic who wishes to make the move into business ownership. The Vendor is available for an extended handover if required.

This is an exceptional opportunity showing continued sales & profit growth into the 2024FY

Sale Price $625,000

L001494

   

Christchurch Business Opportunities Upbeat

Press Release: nzbizbuysell Wednesday 2 November 2016

Nzbizbuysell works with leading business brokers who have their finger directly on the business-trading pulse, such as Damien Fahey from Tabak Business Sales. Damien says they are still experiencing a strong demand for good businesses, especially from locals, that are not directly aligned with deconstruction or rebuild work. This includes the wider areas of Selwyn and Waimakariri.
“The sentiment around town is that it’s an exciting place to be part of. We have come through the turmoil, and are now making up the new rules. He says for example the vibrant cafe scene provides a great place to meet clients and do business.”
“Every year since February 2011 has been better than the one before - and I don’t see that changing. Owning your own business is not difficult; all that’s required is a good understanding of the systems, the clients’ needs, along with sound sales and management skills and some tenacity.

. It is often the best way to get ahead financially especially if it has a good cash flow and customer base. The sectors we deal in that are doing particularly well are import and distribution, import and direct sales, trades services, niche retail, manufacturing, engineering and fabrication.” He says buying an existing business cuts down lengthy set-up time and therefore provides immediate cash-flow.

   

7 Core Strategies to increase the value of your business

At Tabak we like to share great ideas and information – and if you own your own business, or one day plan to – then you need to read this by e3 Accountants by clicking here.

E3 have produced a practical, simple, easy to read guide for business owners who wish to improve and add value to their businesses. They acknowledge business owners are all busy people and have accommodated this with some easy to follow suggestions that will help optimise your value when it comes time to sell your business.
Best Regards etc.


Damien Fahey
Partner
Tabak Business Sales

(Tabak Limited licensed under REAA 2008)

   

Tabak SI is on track to confirm the sale of businesses worth nearly $11m in the last twelve months – this on top of a strong finish to the 2015FY which saw over $8m of businesses sold.

If you are not on our buyer database, our best advice to you is to get in touch and register. We sell over 80% of our businesses to existing database buyers. Beyond registering, make yourself known to us! The more we know about your background & skills, the better placed we are to identify the right opportunities for you. In fact in the last 18 months several sales were made directly to a buyer we identified as being the right fit – this ensured complete confidentiality through the process.

Our South Island team of Damien, Russell and Diane are looking forward to another busy and successful year in 2016, finding you the right opportunity to purchase.

Damien Fahey
Partner
Tabak Business Sales
Email: damien@tabak.co.nz
Website: www.tabak.co.nz

(Tabak Limited licensed under REAA 2008)

   

Hi everyone,
The above pie chart shows the variety and split of businesses sold by Tabak nationwide in the last 9yrs. The SI has contributed around 28% of the sales, a statistic that we are proud of.

The bar chart shows the difference between Tabak’s marketing price and actual sale price. In 6 of the last 9 years Tabak’s total sales for that year are within 5% of where we valued those businesses. We value businesses realistically and we are usually very close to the actual result; perhaps this helps Tabak stand out from its competitors?

Rent rolls - we have a number of active buyers for rent rolls, ranging from “room by room” right up to executive houses. If you know any property managers who wish to realise their asset, Tabak can deliver them a buyer for their rent roll at good value.

If you know people seeking a good business to buy, they should contact Tabak and register as a preferred buyer; and also we welcome enquiry from prospective vendors of good businesses.

Take Care
Damien & the SI team

(Tabak Limited licensed under REAA 2008)

This email contains information that is confidential and may be subject to legal privilege. If you have received this in error, please notify us immediately by return email, facsimile or telephone (call us collect) and delete this email. Tabak Limited accepts no responsibility for changes made to this email or to any attachments after transmission from Tabak. Ltd.

   

Resources For Sale & Purchase of a Business

Tabak’s corporate website is now complemented by SI specific content on this BillboardMe Tabak website; www.tabakchch.billboardme.co.nz.

This site includes information on local businesses for sale here and historical sales data, and content from previous newsletters emailed to accountants & business bankers as shown here.

As a registered buyer on the Tabak database, occasionally you will receive emails from our Christchurch team via this website and should complement the "new listing" flyers that are emailed to you.

Topics of interest could be:
* What's Hot & What's Not - in business sales
* Specific Opportunities
* Comment on recent sales and/or the local market.

If you think this may have value for your friends & family, please forward this email to them, so they can subscribe to our BillboardMe site themselves.

Enjoy the new resource.


Best Regards
Damien, Diane, Russell & Liz (Tabak Christchurch Team)

www.tabak.co.nz
www.tabakchch.billboardme.co.nz
Email: diane@tabak.co.nz


(Tabak Limited licensed under REAA 2008)