MergerPlace

Successful Ontario General Building

Ontario


  • Asking Price: $9,500,000
  • Gross Income: $24,641,814
  • Cash Flow: $3,224,885
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $639,429
  • Listing ID: #214664
  • Established: 1955
  • Employees: 50 FT

Business Description

This successful Southern Ontario Contractor is highly profitable 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.
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 significant backlog of business exists.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Ontario

Company Information

Year Established: 1955
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 50 FT

Financial Information

Asking Price: $9,500,000
Gross Revenue: $24,641,814
Cash Flow: $3,224,885
FF&E: $639,429
Seller Financing Available: No

Property Information

Facilities:

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.

Growth & expansion opportunities:

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. Full CM Potential for Growth 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.

Competition:

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.

Reason for selling:

Owner Retiring from this highly successful business with a reputation for quality and reliability.

Support & Training:

Will train for 12 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Gordon Schofield

Murphy Business Brokers