Project Description

Summary:

Status: Active
Region: Vancouver Island
Category: Construction

Description:

Build a great future with this highly successful specialty construction business on Vancouver Island in Canada. Located in a friendly waterfront community, this well-established business is the industry leader for quality finishing work.

No advertising is required to keep contracts coming. The company has a 30-plus year history of serving the area. Based on a history of quality work, some contractors in the region have engaged this company for every one of their construction projects over the past 20-plus years.

The company provides finishing services for residential, commercial, and industrial projects: drywall, steel studs, and T-bar installations.

The entire region is currently experiencing a vibrant construction market, thus there is currently more work coming in than the company can handle without increasing staff. However the owner is ready to retire and not interested in expanding, leaving that option to the new owner. The company has also been asked repeatedly to expand its service to include painting, which could be another growth area for an energetic entrepreneur.

The new owner will walk into a turn-key business poised to take advantage of a booming construction market. The entire region is growing and there are new industries coming into the home community, spurring additional construction in all sectors. Plus, the company has the option of expanding its services to nearby regions.

The sale includes the company and all equipment and in-stock supplies, including an enclosed trailer that provides a portable work base that can be moved from project to project.

No retail or office space is required. Administration of the company has been managed from a home office.

As an extra bonus, the home community boasts a mild climate, beautiful scenery, affordable housing, good schools, substantial community amenities/retail outlets and recreational options.

This business is ideal for a new owner with construction experience who is seeking a firm foundation for the future: a well-established and profitable turn-key operation with ample scope for expansion. The new owner should understand how to work with trades and how to manage a construction business. The current owner will provide initial support during the transition but is ideally seeking someone able to independently build on the success of the existing company.

For more information on this opportunity, contact Michael Naprawa.

Broker: Michael Naprawa
Listing ID: BCBBVI018 – N200

Financials:

Asking Price: $290,000
Revenue: $920,000
Net Cash Flow: $92,000 (SDE)
Gross Cash Flow: $500,000 (Net COGS)
Monthly Payroll: $20,000
FF&E Asking Price: $15,000
Working Capital: $121,000 (Included)
Inventory Asking Price: $70,000 (Included)

Property:

Real Estate Available: No

Operations:

Franchise: No
Homebased: Yes
Relocatable: No
Year Acquired: 1990
Full-Time Employees: 3
Part-Time Employees: 3
Trading Hours: Monday to Friday, 8 am to 6 pm
Reason for Sale: Retirement