Successful Ontario General Building Contractor

Not Disclosed, Ontario

Asking Price: Annual Revenue:
$6,500,000 $14,250,000

Services: Construction, Contractors

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RE: Successful Ontario General Building Contractor Broker: Gordon Schofield

Quick Facts

Asking Price: $6,500,000
Annual Revenue: $14,250,000
Net Profit: Not Disclosed
Cash Flow: $890,000
Total Debt: Not Disclosed
FF&E: $639,429
Real Estate: Not Disclosed
Year Established: 1955
Employees: 50
BBN Listing #: 88284955
Broker Reference #: 9105-15013

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Business Overview:

This Southern Ontario Contractor is highly successful in the key sectors where it has operated for over 65 years. These include extensive accomplishments over decades in the following sectors: Steel, Energy, Municipal, Mining, Distribution and Manufacturing. This diversification has been vital to its success.

Financial results vary from year to year based upon project bids and completion. The company is listed at a reasonable 3.25X multiple of average annual normalized cash flow (FY2017-FY2020) at $5,000,000 plus real estate valued at $1.5 million and the valuation considers the strength of the vehicle and equipment asset holdings. Listing price is $6,500,000.

It is run conservatively without debt and a focus on quality with a highly competent management team. The company retains a broad satisfied customer base and receives many projects through referrals and a network of sub-contractors, suppliers and associations with large mechanical and electrical firms. A good backlog of business exists.

The company is poised to deliver a record-breaking year in 2021 with a number of major projects underway. Revenue will approach $30,000,000 and normalized SDE (pre-tax cash flow) for 2021 could reach $2.3 Million after all OPEX.

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Property Features and Assets:

The company operates out of an upgraded facility which includes 2,750 square feet of office and 8,500 square feet of warehouse & shop. The sale of the business excludes the real estate and facilities which are available for an additional $850,000. Valuation is supported by a conventional opinion of value. Assets=$8,345,592

Market Competition and Expansion:

Competition exists in some of the sectors where the business operates on a project basis. Competitive tenders are often seen from clients but this firm wins a solid share of the business it seeks.The sectors served by the business are enjoying a period of significant growth. Municipal and Energy Sectors in particular have a number of major projects in the planning stages that will benefit the company assuming ongoing bid and alignment success.

Reason for Selling:

Owner Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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