Established Canadian businesses - For Sale by Owner - in Canada
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Listing # 44603001
Business For Sale
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Rapidly Growing Concrete Formwork Business For Sale In BC - Ref #95355
$3,900,000.00 (Cdn)
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Business Location: British Columbia
Postal Code: V0C
Relocatable: No
Business Categories:
Construction & Renovations
Contracting Trades
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*Unique opportunity to acquire either a full or partial stake in a rapidly growing Concrete Formwork & Wood-Frame Contracting Business in Vancouver with the existing founding owner potentially staying on as an operating partner *CEO of the company has indicated a desire to remain in their position as an employee to support the new ownership *The seller might entertain partial Vendor Take Back (VTB) financing and/or an Earn-out provision for a qualified buyer *Excluding the FY2021 impact of COVID-19, the company has consistently achieved year-over-year revenue growth since its establishment in 2016. Revenue for FY2023 was approximately $5.8 million, with discretionary earnings $1.6M.
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*As per the Seller, the company’s total projected pipeline exceeds $29 million as at April 2024, encompassing 10 projects across British Columbia to be developed between 2014 and 2026 *As per the Seller, the company has projected revenues ranging from approximately $8.2M in 2024 to approximately $11M in 2026 with EBITDA of 25% to 30% *Company specializes in concrete formwork and wood framing work, and participates in projects across BC *Clients are essentially gained via referrals
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*A team driven business with a reputation of quality and professionalism that stands out in every completed project, while meeting and exceeding Health and Safety standards for workers and sub-contractors *Business provides great customer service to its clients and has become a go-to general contracting company in the BC area *Business has a non-unionized staff of 12 employees, and over 120 Sub-trade workers at any given time
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INCLUDED, EXCLUDED & OPTIONAL |
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- INCLUDED in the Price - |
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- Check with Seller -
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