Construction / Contractor Commercial
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).
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.