G'day, I'm Pete Seligman. There are a growing number of people thinking about buying a business in this region, but it can be hard to see what that actually looks like. So to help bring one part of that process to life, I've teamed up with my mates Jason Andrew and James Frank to throw some businesses on the table and share our raw thoughts on each. This is Eta down under. We hope you enjoy it. In this episode, we delve into an opportunity within the Australian security industry, focusing on a security company in regional Queensland. This business stands out with its strong regional presence and solid financials. Key Highlights: Revenue: $8.6 million EBITDA: $1.3 million (forecasted to increase to $1.457 million) Asking Price: $5.6 million. Our discussion highlights the dynamics of the security industry in Australia, emphasizing the advantages of acquiring a well-managed business with growth potential. We explore the operational aspects, noting the company's multiple locations and strong market position. The conversation also covers key considerations such as revenue quality, contractual arrangements, and payroll tax implications, which are crucial for evaluating this opportunity. This opportunity is best suited for someone with experience in the security industry. As Jason points out, having a strong team in place or partnering with an expert in the sector would be crucial for a successful transition. The business is pitched more towards a trade buyer or an industry player looking to expand, rather than a financial buyer. Join us as we dive into the details and share our insights on why this security company could be the perfect addition to your portfolio. Thanks for listening. I hope you enjoyed it. If you want to learn more, please hit us up on LinkedIn. Follow Pete on YouTube: Pete Seligman Connect with Pete on LinkedIn: Pete Seligman Connect with James on LinkedIn: James Frank Connect with Jason on LinkedIn: Jason Andrew Stay tuned for the next episode of EtA Down Under, where we continue to explore exciting business opportunities and share our insights.