* Included in Asking Price
This large, growing, and profitable plumbing contractor, with a substantial presence in the multi-family residential construction market in Ontario, has recently become available.
As a well-established and respected competitor in the construction industry, this would be an excellent opportunity for acquisition by an individual with experience in the business, or for a corporation looking to enter this market, or for someone already in this market looking to improve their market share. With revenue in excess of $20,000,000 expected this year, and profitability (EBITDA) of about $735,000, as well as a backlog of approximately $20,0000,000, this business can be expected to contribute significant value to the acquirer. This business is being offered as a share sale. Other aspects of this attractive business are:
• Substantial recent growth of revenue and profitability.
• Many Design/Build projects.
• Sale includes working capital of $2,000,000, which is the average at the end of each of the last two years.
• Also included are inventory with an approximate value of $150,000, as well as vehicles and equipment with an approximate value of $250,000.
• Several sites are active at any one time, each working under the guidance of an experienced and capable foreman.
• Total number of employees is approximately 60.
• Union shop.
Seller Reference #TORONCT001-N8
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