Sell Your Business in Queensland (2026): Valuation, CGT & Active Buyers

Queensland sits within Australia’s federal CGT framework but has specific state realities a seller needs to understand. A brisbane, gold coast and sunshine coast market with the fastest-growing capital city in australia. the sub-tropical climate supports year-round hvac cooling demand and year-round pest pressure for termites, cockroaches and mosquitos, which means qld home-services businesses can demonstrate higher equipment density and stronger recurring revenue per capita than southern states. the headline disadvantage is stamp duty: qld still levies transfer duty up to 5.75% on business assets including goodwill in asset sales, the only australian state to do so, which typically pushes qld deals toward share structures or buyer absorption of duty in price.

This guide covers what a Queensland-based business is worth in 2026. We walk through the Australian valuation framework, the Small Business CGT Concessions, the Queensland-specific stamp duty and licensing situation, and the buyer pool active in this state.

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Queensland business sale: Australian valuation in context

Australian SMB home-services multiples sit materially below US comparables. Owner-operator trade and construction service businesses typically trade at 2.0-3.5x EBITDA, with service-based businesses across the sector spanning 2-6x EBITDA. The higher end is reserved for businesses with recurring revenue, demonstrated management depth, and normalised EBITDA above AUD $1M. Anything above roughly 4x typically requires a strategic or PE buyer rather than an owner-operator buyer. By contrast, US HVAC SMBs ran around 8x EBITDA in early 2025 and US platform-scale assets have closed in the mid-teens. An Australian owner can realistically expect 50-70% of the US multiple for a comparable business; the gap is driven by a structurally thinner buyer universe.

Small Business CGT Concessions and the 2027 window

The Small Business CGT Concessions under Division 152 of the ITAA 1997 are the headline opportunity for Australian sellers. Eligibility requires passing either the AUD $2M aggregated turnover test or the AUD $6M Maximum Net Asset Value test, with the asset qualifying as an active asset. The four concessions are: a 15-year exemption that disregards the entire capital gain if the asset has been held 15+ years and the significant individual is 55 or over and the event happens in connection with retirement; a 50% active asset reduction that combines with the general 50% CGT discount for an effective discount above 75% for individuals and trusts; a retirement exemption with a $500,000 lifetime cap per CGT concession stakeholder, available pre-55 if contributed to super; and a small business rollover that defers gain for two years if reinvested into a replacement active asset.

50% CGT discount and the 2027 reform

The 50% general CGT discount applies to individuals, trusts and complying super funds when the asset or shares have been held more than 12 months. Companies cannot use the CGT discount, which is the single biggest reason Australian sellers prefer share sales from individual or trust shareholders or structure exits through family trust holdings. From 1 July 2027, the Federal Budget has signalled the 50% discount will be replaced by cost-base indexation plus a 30% minimum tax on net capital gains; the Small Business CGT Concessions survive the reform. Pre-2027 exits are materially more tax-efficient in many fact patterns, which is a real urgency consideration.

Queensland stamp duty, GST and deal structure

GST is GST-free on a sale of a business as a going concern under Section 38-325 of the GST Act if four conditions are met: the supply is for consideration, the buyer is GST-registered at settlement, both parties agree in writing that the supply is of a going concern, and the seller carries on the enterprise until the day of supply. Stamp duty varies sharply by state: NSW abolished business asset duty (other than land) in 2016 with only a nominal sale-of-business duty, Victoria has no duty on non-land business assets, and Queensland still levies transfer duty up to 5.75% on business assets including goodwill, making QLD the most expensive state for asset sales and pushing many QLD deals into share structures.

Specifically for Queensland

A brisbane, gold coast and sunshine coast market with the fastest-growing capital city in australia. the sub-tropical climate supports year-round hvac cooling demand and year-round pest pressure for termites, cockroaches and mosquitos, which means qld home-services businesses can demonstrate higher equipment density and stronger recurring revenue per capita than southern states. the headline disadvantage is stamp duty: qld still levies transfer duty up to 5.75% on business assets including goodwill in asset sales, the only australian state to do so, which typically pushes qld deals toward share structures or buyer absorption of duty in price.

Employee entitlements

Employee entitlements transfer under Part 2-8 of the Fair Work Act 2009 when employees move to a new employer within three months of leaving and perform substantially the same work. Long service leave is state-based and transfers with prior service intact; buyer inherits the accrued liability unless seller pays it out at completion. The superannuation guarantee runs at 11.5% currently and rises to 12% from 1 July 2025.

Active acquirers for Queensland businesses

There is no direct Australian equivalent of the US Apex Service Partners or Sila Services PE platforms. The buyer universe is structurally different. Listed strategic acquirers active in adjacent trade services include NRW Holdings (which acquired Fredon, a Sydney-based national electrical, HVAC and infrastructure maintenance group, in 2025 for AUD $122M cash plus up to $18M deferred), Johns Lyng Group (insurance-driven essential home services and strata, acquiring Smoke Alarms Australia and Linkfire for $61.8M plus earn-out), and Service Stream (telecoms, utilities and infrastructure maintenance). At the mid-market PE level, Quadrant Private Equity, Adamantem Capital, Pacific Equity Partners and BGH Capital are active in larger tickets but residential trades roll-ups are not a disclosed strategy for any of them. The wholesale side of HVAC saw Beijer Ref acquire 51% of AAD and HVAC Consolidated in 2022. The relative thinness of the buyer pool versus the US is a major driver of the Australia-versus-US valuation gap and is itself the structural reason Australian sellers benefit most from running a confidential buy-side process that reaches every credible buyer at once.

Key takeaways for Queensland sellers

A Queensland home-services SMB sale in 2026 should centre on Small Business CGT Concession qualification, the pre-2027 50% discount window, the state-specific stamp duty position, and a confidential buyer process reaching both Australian and cross-border acquirers.

This guide reflects Australian market conditions and tax rules as of May 2026. The 50% CGT discount is scheduled to be replaced from 1 July 2027. Confirm all rates and Small Business CGT Concession qualifying conditions with an Australian tax adviser. Multiples are directional, not a guarantee.

Selling a Queensland business: frequently asked questions