Business Description
For sale is a well-established general contracting company in Canada with over 20 years of experience providing retail construction, estimating, project managing, and project site supervision to Ontario, British Columbia, and Alberta. The company has built a strong reputation and is on top of many landlords’ preferred general contractor list. It is also held in high regard by many architects and designers in the retail industry. The company’s top-notch reputation and strong customer relationships created word-of-mouth referrals. The seller has spent the past year working remotely and is planning a permanent relocation. He is open to staying on during a transition period but wishes to exit the company entirely. Since the company is Canadian-owned, it is not SBA loan eligible.
The company has projects scheduled through the end of 2024. The average revenue per project ranges from $200-$300k. The pandemic caused a short delay in projects, and in 2022, the company experienced increased demand, which in turn caused increased revenue. Projects and demand are normalizing in 2024.
Ten full-time employees, including two key employees, are staying with the company. One key employee has taken on most of the seller’s day-to-day responsibilities. The seller’s involvement is primarily for resolving one-off situations with subcontractors and approving budget changes. His hours range from 1 to 30 per week, depending on the project stage.
The company holds licenses, so the buyer will not need any. However, the buyer should have general business skills and be willing to develop strong relationships with employees and clients to make the business successful.
| 2020 | 2021 | 2022 | 2023 | 2024 Jan-July | |
| Revenue | $6,098,369 | $7,363,529 | $13,936,325 | $13,081,435 | $4,991,033 |
| Earnings | $640,281 | $663,939 | $2,406,338 | $2,377,697 | $746,037 |
*Financials are reported in Canadian Dollar.