Successful Southern Ontario Remediation Business

Not Disclosed, Ontario

Asking Price: Annual Revenue:
$1,000,000 $2,535,364

Services: Home Improvement, Repair, Painting

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RE: Successful Southern Ontario Remediation Business Broker: Gordon Schofield

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $2,535,364
Net Profit: Not Disclosed
Cash Flow: $215,525
Total Debt: Not Disclosed
FF&E: $998,640
Real Estate: Not Disclosed
Year Established: 2000
Employees: 7
BBN Listing #: 41104955
Broker Reference #: 9105-17193

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Business Overview:

This is a successful residential remediation business in Southern Ontario. It is a highly regarded franchise with significant training and support systems. This is an Asset Sale so the new owner will set up new agreements for the insurance companies it is aligned with. The franchisor will assist with this process as needed. The purchaser will also need to be approved by the Franchisor as a condition of the purchase. The current owner is prepared to provide a meaningful VTB loan to a qualified buyer to facilitate the transaction.

The business is having a very strong 2022 based upon mid-year results. It expected to exceed $500,000 in normalized cash flow in 2022. This is based upon improvements to Gross Profit plus a 12% increase in revenue. The franchisor and the sector are also experiencing solid positive growth this year.

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Property Features and Assets:

The business currently operates out of an over-sized facility. The new owner will need to relocate within the geographic territory to a facility with a footprint more appropriate for the business. Assets = $1,007,310

Market Competition and Expansion:

A number of remediation firms exist under different brands in southern Ontario. This franchise has solid coverage in it's territory. Significant potential for Growth exists in the region. The business is experiencing very solid performance in 2022.

Reason for Selling:

Owner is Retiring.

Additional Details:

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

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