SOLD – B2B Multi-Location Professional Services Company

This Company is recognized as a leader in this niche service industry in Canada. Operating from multiple locations in what is essentially a “recession” resistant industry; this Company is the largest of its kind in Western Canada.

The Company’s excellent reputation and market presence attracts 90% repeat business with a good portion of this repeat business linked to long-term contracts.

Past growth, both organic and by way of acquisition, has been impressive and profitable. Additional growth/expansion is well underway with opportunities for continued growth well into the future.

• Extremely profitable business with 30 year history of steady growth.
• Capital expenditure requirements are minimal.
• Working capital requirements are easily managed.
• Operating in what is essentially a “recession” resistant industry.Approximately 40% of revenue/fees earned are linked to long term contracts.
• Limited competition from companies that have the same capabilities and capacity to take on larger contracts/assignments.
• Long term core staff and large skilled labour force to draw from.
• Opportunity for further growth within Manitoba, Saskatchewan and Alberta.

Down Payment: $7,000,000

Total Sales: $6,165,000

Cash Flow: $1,125,000

EBITDA: $1,000,000

Accounts Receivable Included: Yes

FFE: $75,000

FFE Included: Yes

Inventory: $0

Year Established: 1985

Days & Hours of Operation: Monday to Friday; 8 am to 5 pm

Owner Hours Per Week: 40

Employees: 14 FT and 120 subcontract

Managers: 6

Type of Location: Professional office space with all locations in close proximity to core client base.

Square Footage: Various depending on location.

Facilities Information:

Professional office space.

Reason For Sale:

Majority active/shareholder would like to slow down and ultimately retire.

Training & Support:

Sellers will agree to a training/transition arrangement and minority shareholder will stay on long-term at the buyers option.

Competition:

There are a number of other service providers in this industry, However, only of small number of service providers have the depth and breadth of resources of this company.

Potential Growth:

The industry provides excellent growth opportunities for larger operators to:
Grow organically as smaller service providers exit the industry, or
By way of acquisition may also be an option.