Summary
Premier drilling business for sale $6 M for assets and the business. Guaranteed 18 months of contracts. Established 50+ years, top clients, custom rigs. Ideal for investors or industry expansion.
Revenue
$4,300,000 pa
Rent
$72,000 pa
Expenses
$3,768,000 pa
Net Profit
$460,000 pa
Location Details
Business head quarters located Brisbane Southside, however the projects worked on are as far down as Coffs Harbour and North Qld.
Reason for Sale
Family business for over 50 years, the owners want to retire
About the Business
Business Overview
Location: Brisbane, Queensland, Australia
Asking Price: $7 million (includes equipment)
Contracts & Growth: 18 months of forward contracts, consistent tender wins, over 50% growth in the past 18 months
Business Description With over 50 years in operation, this business is a market leader in foundation drilling, providing essential services to construction and mining sectors across private and government projects. Known for expertise in heavy rock drilling and challenging site access, the business has built a stellar reputation for safety, efficiency, and timely project completion.
Highlights and Strengths
Extensive Equipment and Facilities:
Equipment suite includes custom-built drilling rigs, machines for heavy rock, caisson drilling, bridgework, and specialized rigs for low head height and difficult-to-access sites.
Purpose-built facilities for equipment storage and maintenance, enabling efficient operations and minimizing breakdowns.
Diverse and Prestigious Clientele:
Clients include major names like Bechtel, Civil Mining & Construction, Queensland Rail, and Hutchinson Builders, with 80% of contracts in Queensland and remaining projects across NSW and other Australian states.
Experienced and Skilled Team:
The business has a highly trained team, known for delivering on-time and within budget, which supports continued client satisfaction and business growth.
Self-Sufficient Operations:
Capabilities for on-site accredited maintenance ensure equipment reliability, preserving condition and reducing downtime.
Continued Growth Potential:
Positioned to benefit from rising civil infrastructure demand, with efficient systems, technical expertise, and robust operational infrastructure in place.
Ideal Buyer This opportunity is ideal for an investor or a company in the Civil Engineering, Construction, Piling, or Drilling sectors looking to expand their service offerings with a well-established and profitable business.
Ownership & Transition The current owners are seeking to retire, opening an opportunity for a new buyer to take over and further develop this highly regarded business.
History
Business originally started in NZ, been operating for over 50 years
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