Price: $1,157,000

Location: Eastern Ontario

Province: Ontario

Industry: SIC 1742: Plastering, Drywall, Acoustical, and Insulation Work

Description

For more than a decade this company has worked diligently to earn their reputation for quality workmanship and excellent customer service. With more than 10 personnel (including the owner), their professionally trained and certified staff who take pride in their work are booked roughly 3 months in advance. Of course, you would appreciate the fact that its revenues and profits have increased fairly steadily for the past 5 years, and 2022’s SDE grew by roughly $200,000. Maintaining a strong relationship with local builders combined with has certainly contributed to the company’s success. If you have experience in or poses knowledge of either construction, mechanical, and/or a technical trade, then you could be successful in this business.

This business operates out of a newly renovated 5,775sf of space which consists of 2 buildings, is centrally located to their clientele, and is only a couple minutes from highway 401. This real estate can be purchased with the business for an additional $1,306,000. If you do not wish to own the property, it can be leased from the seller.

Seller financing might be possible for an approved, qualified buyer. The current owner is willing to remain with the business after closing, to provide training and transition support if needed. They are also willing to fully exit from this business should a new owner not need their services and they are willing to sign a non-competition agreement to facilitate a successful transition. As such, the owner has subsequently engaged Sunbelt Business Brokers Bizcap Brokerage, Sunbelt Kingston, to find a suitable Purchaser and facilitate a seamless transition of ownership.

LISTING DETAILS

Total Sales: $1,896,302

Cash Flow: $425,470

FFE: $800,000

FFE Included: Yes

Inventory Included: Yes

Operation

Employees: 11

Location

Real Estate: $1,306,000

Monthly Rent:

Square Footage: 5775

Summary

Reason For Sale:

Retirement

Training & Support:

If needed

Owner Qualifications:

If you have experience in or poses knowledge of either construction, mechanical, and/or a technical trade, then you could be successful in this business. If this does not match your skill set, or you do not know of someone who possesses such knowledge and/or skills, that you can hire, then this business is likely not for you.

Financing/Terms:

Possible upon approval from the Seller.

LISTING BROKER

Jim Nairn

Jim Nairn
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