Hot water service provider
Photos: Morgan Business Sales
About the business
A plumbing and gas in Queensland, Queensland. The company has built long term relationships with body corporates, builders and developers, offering a range of options with 10-year contracts. It currently serves 1,846 units in 40 buildings, with standard meter reads every three months. The company owns and maintains the hot water systems in the majority of the buildings, and all gas hot water systems were serviced by a plumbing contractor in F25. The business has one working owner and one full-time admin person, with a subcontractor or the owner acting as tradesman for callouts, services and meter reads. Billing runs on an automated system called Ultimate, and the business operates from home, based in Brisbane and the Gold Coast. The directors are selling to reduce their responsibilities in running a company and to slow down. Full training is provided for the transition. The broker reports that, based on the past 20 years, around 95% of contracts are expected to be retained and re-signed.
Financing calculator
An estimate, not a loan offer. Change the numbers to see what buying this business would take in cash and what the repayments would be each month.
Asking price$1,980,000
Paid by
Your cash$594,000
Secured loan, 7 years at 6.98%$1,386,000
Each month
Loan repayment$20,900
Repayments each month
$20,900
Over 7 years you repay $1,756,012, of which $370,012 is interest.
Secured on property: the RBA's average for small business new loans secured on residential property, August 2026. Lenders set their own rates and terms, and this leaves out stamp duty and fees. Source: Reserve Bank of Australia 2026.
Open the full calculator