RETIREMENT General Contracting Business For Sale
- Very profitable Commercial General Contracting Business established in Ottawa for more than 30 years
- Revenue of $3.05M in YE Mar 2021. YE Mar 2022 revenue and profits are expected to surpass previous year
- As of January 2022, business has more than 2M of work on hand
- Normalized seller discretionary earnings of $637K in YE Mar 2021.
- Company specializes in a niche market sector as a full-service general contractor for commercial properties
- Its customers are located across Ontario region with the majority located within the Greater Ottawa area
- Clients are sourced primarily by referral and include a significant number of repeat customers, many of whom are highly respected Fortune 500 companies
- It handles all phases of construction from planning and estimating to final delivery. Primary construction activities are performed by well-tested, long-serving subcontractors. The Company’s highly skilled workforce is the driver of its excellent reputation and success.
- Provides great customer service to its clients and has become go-to general contracting company for property owners, tenants, property managers, restoration companies and small businesses
- Staff of 7 FT non-union employees provides a substantial depth of talent and are capable of running business with low owner involvement
- Huge potential to grow by leveraging the current brand and hiring more estimators and project managers
- After 30 years in business, seller is looking to retire; however, he is willing to stay for up to a 2-year transition period in a similar capacity and as a consultant after 2-year period.