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Successful Ontario General Building Contractor

  • Listing# : 15013
  • Listed Price : $6,500,000
  • Total Sales : $15,025,377
  • SIC : 1629
  • Down Payment : $6,500,000
  • Status : Active
  • Discretionary Earnings : $1,145,679

Business Type :

Construction / Contractor Commercial

Business Description :

This Southern Ontario Contractor is highly successful 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.  

Financial results vary from year to year based upon project bids and completion. The company is listed at a reasonable 4.3X multiple of  the 5 year weighted average FY2016-FY2020 annual SDE - normalized cash flow of $1.51 Million).  The listing price equals 3.6 X estimated FY2021 SDE - projected normalized cash flow (of $1.8 Million). 

Real estate is excluded but will be sold with the business and is valued at $1.5 million and the valuation considers the strength of the vehicle and equipment asset holdings. The Listing price for the business is $6,500,000.  The Equipment and Vehicle assets included with the business have a market value of approximated $1.125 Million which is much higher than the book value of the assets as shown from the latest Balance Sheet.

The business 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 good backlog of business exists.

The company is poised to deliver a record-breaking year in 2021 with a number of major projects underway. Revenue could exceed $29,000,000 and normalized SDE (pre-tax cash flow) for 2021 could reach $2.3 Million after all OPEX despite more modest projections.









Assets/Liabilities:

    • Accounts Receivable $3,278,128
    • Incl : No
    • Real Estate $0
    • Incl : No
    • Inventory $0
    • Incl : Yes
    • Liabilities $5,804,136
    • Incl : No
    • FF&E $1,166,647
    • Incl : Yes
    • Other: $0
    • Incl : Yes
    • Leasehold $268,659
    • Incl : No
    • Total Assets $1,166,647
    • Incl : Yes

Lender Prequalified: No

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Construction