Established Canadian businesses - For Sale by Owner - in Canada
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Listing # 44722002
Business For Sale
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Electrical Contractor & EV-Charging Leader - Retirement - Ref #39416
$6,000,000.00 (Cdn)
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Business Location: Toronto Area
Postal Code: M4C
Relocatable: No
Business Categories:
Contracting Trades
Electronics & Electrical
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*Company: Based in Greater Toronto Area (GTA) - well established with 30 years in operation - owner with 35 years experience *Strong growth in revenues/profitability: Last year (Year-End Nov-2023) revenue at around $4.8M and seller’s discretionary earnings (SDE) approximately $1.8M. Based on year-to-date performance, the forecast for YE 2024 are for revenues to grow to $7M and SDE to approximately $2.4M *Niche Industry: Already a leader in the industry, the company is focused, positioned and operates in an already high-growth industry – large scale Electrical Vehicle (EV) charging solutions. Canada’s federal government 2035 EV mandate would give the industry a good boost.
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*Growth Opportunities: By increasing the workforce, undertaking more projects from existing and new clients, expanding geographically beyond GTA and/or by implementing a more aggressive sales/marketing strategy to expand the client base. *Staff: Owner included – an unionized staff of 13 full-time employees. Key employees have been with the company for last 10-20 years. *Owner’s Role: Owner’s key role is to handle overall management of the company, clients’ relationships, sales, manage the staff.
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*Smooth Transition: Owner is planning to retire, hence looking to sell the business. He is willing to stay on board for a negotiable period (6-12 months) to assist with the transition of the business *Assets Included: Vehicles, Equipment, Tools and Inventory (as per seller, valued at $310k) *Financing Flexibility: Seller is open to consider seller financing option for serious and qualified buyers only Revenue : $7,000,000
Asking Price: $6,000,000
Ref: 39416
Location : Ontario - GTA
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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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