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Residential Renovations General Contractor For Sale
Location Ontario,Canada
Asking Price Range $250K - $500K
Gross Revenues $1153000
Net Profit / Cash Flow $129600
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1947
Number of Employees 6 - 9
Inventory 74000
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Training will be provided by Seller as required
Reason for Sale Retirement
Description For 64 years this family-owned company has provided high-quality general contractor services that cover the full spectrum of home renovations from foundation work to roof installations as well as exterior landscaping. Its non-union employees have a complete set of skilled trades consisting of carpentry, masonry, tiling and painting, enabling it to provide a reputable, worry-free service to its many repeat client home and condo owners. Services include condo renovations, sustainable/green retrofits and design services. The operations are conducted out of a facility in North York, but can be easily relocated to somewhere else.
Renovation is a booming industry with growth areas like condo, sustainable, and "Age in Place" senior customer markets. Current staff includes a mason, a carpenter, a general contractor and an apprentice as well as a project coordinator and a part-time administrator. The owner is looking to retire but is willing to stay on for a mutually agreeable transition period. This is an ideal opportunity for someone with previous experience in the general contracting trades, renovation or building industry, and who wants to become independent by taking over a well-established service-oriented business. It is also interesting for an established construction business to expand its capabilities in high-end residential renovation work and take over a loyal client base. The company has over $500,000 of business already booked for Spring 2012.
Fixtures, Furniture & Equipment are a fair market value estimate as provided by the owner. No inventory is included as suppliers provide materials directly to the worksite on a project by project basis. Estimated Cash Flow includes owner's remuneration.
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