Building Restoration and Maintenance Company

Business Description

For sale is a 10-year-old building restoration and maintenance company based in Vancouver, Canada. Services include painting and coating, concrete remediation, sealant renewal, building inspection, leak investigation and repair, power washing, and window cleaning.

They are the local leader in building restoration, with 90% of revenue from building restoration and 10% from building maintenance (painting and coating being the most popular services). The business has a proven track record with repeat customers eager to hear about new services. 

They’ve experienced great revenue growth, having doubled in the past year due to adding new commercial buildings to service. The business is generally slow in the first quarter of the year (the bulk of their business is in the mid-late spring, summer, and early fall).

The business has three staff on payroll and a pool of 100 plus subcontractors for projects (including two estimators and two salespeople who work full-time with the company). The owner would like to exit to pursue other hobbies and ventures and is confident the staff will stay with the company post-sale.

2021A 2022A 2023A 2024A
Revenue (CAD) $924,502 $3,744,160 $5,578,770 $623,180,
SDE (CAD) $73,485 $270,323 $689,514 $30,069

 

Financial Overview

Asking Price: $2,000,000 CAD

Revenue: $5,578,770 CAD

Income: $689,514 CAD

Multiple: 2.9x

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