This is a long established air conditioning business. It specialises in project managing small to medium air conditioning installations. The business mainly works on commercial and industrial air conditioning projects.
Over the years, this business has developed a solid network of contacts within the building and construction industry. These contacts provide the business with an ongoing source of invitations to tender on new projects. The business has also achieved preferred subcontractor status with a major retail chain.
The business operates from an office in Sydney’s western suburbs. Location in not particularly important, as the business works on projects located throughout Sydney and also undertakes projects in regional NSW.
This could potentially be a great acquisition for a business already operating in the industry. Not only would such a buyer gain access to the customer base, they could also gain significant potential tax benefits. In particular, there are significant accumulated tax losses and franking credits.
The business is comprised of a holding company and a subsidiary. As at the end of the 2014 financial year, the holding company held tax losses worth $478,560 and a franking credit balance of $585,156. The subsidiary company held tax losses worth $1,288,582. It would be very important for a purchaser to seek advice from their accountant on whether or not they will be able to take advantage of the tax losses and franking credits.
For the 2014 financial year, this business achieved sales of $909,806.
This business is being offered for sale by expressions of interest. Make an offer!!!
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